{"id":306,"date":"2009-04-02T14:25:19","date_gmt":"2009-04-02T18:25:19","guid":{"rendered":"http:\/\/000af36.netsolhost.com\/wordpress1\/2009\/04\/02\/directors-culpability-in-extravagant-ceo-pay-part-2\/"},"modified":"2009-04-02T14:25:19","modified_gmt":"2009-04-02T18:25:19","slug":"directors-culpability-in-extravagant-ceo-pay-part-2","status":"publish","type":"post","link":"http:\/\/griendling.com\/wordpress1\/2009\/04\/02\/directors-culpability-in-extravagant-ceo-pay-part-2\/","title":{"rendered":"Directors Culpability in Extravagant CEO Pay (Part 2)"},"content":{"rendered":"<p>OK.&#0160; It\u2019s not just some crack pot Post reader and blogger <a href=\"http:\/\/www.commonwealthcommonsense.com\/commonwealthcommonsense\/2009\/04\/are-boards-of-directors-awol.html\">who says it<\/a>, the president of the United States, in response to a question on CEO pay at the G-2 press conference today, just said that the problem is\u2026<\/p>\n<ul>\n<li>CEOs select their boards\n<li>Setting up a cozy relationship\n<li>Then they hire comp. consultants and\n<li>Surprise, they get $20-30 mil. comp packages\n<li>Does not serve shareholder interest\n<li>Distorts CEO decisions\n<li>Need shareholder voice\/vote <\/li>\n<\/li>\n<\/li>\n<\/li>\n<\/li>\n<\/li>\n<\/li>\n<\/ul>\n<p>And as <a href=\"http:\/\/www.commonwealthcommonsense.com\/commonwealthcommonsense\/2009\/04\/ceo-pay-relative-to-shareholder-value.html\">CNBC pointed out yesterday<\/a>, big salaries don\u2019t automatically provide shareholder value.<\/p>\n<p>So, as I just wrote to several Post reporter\u2019s and its ombudsman, what about an examination of the role of boards of directors?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OK.&#0160; It\u2019s not just some crack pot Post reader and blogger who says it, the president of the United States, in response to a question on CEO pay at the G-2 press conference today, just said that the problem is\u2026 CEOs select their boards Setting up a cozy relationship Then they hire comp. consultants and&hellip; <a href=\"http:\/\/griendling.com\/wordpress1\/2009\/04\/02\/directors-culpability-in-extravagant-ceo-pay-part-2\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[107,5],"tags":[],"_links":{"self":[{"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/posts\/306"}],"collection":[{"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/comments?post=306"}],"version-history":[{"count":0,"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/posts\/306\/revisions"}],"wp:attachment":[{"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/media?parent=306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/categories?post=306"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/tags?post=306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}