This is a criticism of the Fund Manager, that is, of themselves, as they are the owners and should decide on the compensation of their executives.See article:
Fund Managers sitting on the sidelines and criticising, but you don't see them at the time of voting, are most worthy of criticism.
Onésimo Alvarez-Moro
Ninety percent of the institutional investors polled in a recent survey think executives at most U.S. companies are overpaid and exert undue influence over how their compensation is determined, according to a Watson Wyatt Worldwide report released last month.
The consulting firm surveyed 55 pension funds and mutual funds that manage some $800 billion in assets and also polled 50 company directors on the subject of executive pay and perks.
Nearly two-thirds of the directors, 61 percent, agreed that most executives are overpaid, and 48 percent believe they wield too much influence over pay.
Both sides agree that lavish executive compensation has tarnished the image of corporate America, a resonant issue amid the widening scandal over the suspicious timing of stock options grants to top executives. The totals were 85 percent of investors and 79 percent of directors.
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