Sunday, March 27, 2011

Warren Buffett hits at ‘negligent’ US executive pay / Companies / Financial Services - Buffett hits at ‘negligent’ US executive pay

Image via Business Insider

Speaking at the end of a four-day visit to India, Mr Buffett said the financial incentive structures for executives at top companies, particularly in financial services, needed to be overhauled in the wake of the global financial crisis.
Meanwhile ...

RT @RonCharles: Naturally, since it's bankrupt, closing stores & firing staff, @Borders is handing out $8.3M in bonuses to its executive ...Sat Mar 26 12:46:21 via YoruFukurou

The problem (one of the problems, I should say) is that Boards of Directors are so weakly regulated -- Sarbanes-Oxley is a joke -- that this type of plundering is entirely legal. Nobody can, or will be, held accountable for it.
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