Tuesday, April 18, 2006

Outraged investors unite on overpaid execs


Fund manager's group wants to 'dump a little tea in the harbor'

Shad Rowe is mad as hell, and he's not going to take it anymore.

The 59-year-old Dallas private investment fund manager is furious about executive compensation packages that have gone from excessive to obscene.

And he's fed up with institutional money managers – the folks who run our mutual funds and pension plans – who don't stand up for us when they see this largesse.

He thinks we should be, too.

So he's formed the Investors for Director Accountability Foundation and enlisted a number of high-profile business moguls to help with his crusade, including Texans Harold Simmons, Rusty Rose, Boone Pickens and Leo Linbeck Jr.

See full Article.