Replying to Avatar Emeritus Prof Christopher May

I see for all BP's claims to be investing in the future, actually they've again launched a share buy-back process this summer..., when a #corporation sees buying back its own shares as a viable investment then you know the top managers are lining their own pockets & are uninterested in any wider 'strategy'!
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82c22c93... 2y ago

nostr:npub1g0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msp3tvm4 I went sideways with this, but it got me thinking, why is there no fiduciary responsibility to redirect the excesses of CEO salaries and bonuses to shareholders?

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Emeritus Prof Christopher May 2y ago

nostr:npub1meglf5hn2kuylac35kpx69starg5e6l09szt03hk42y90jamrahsjqcf85

That's a really good Q.; my guess would be that it would be argued that the 'best interests' of investors are effectively best served when the CEO & executives are 'properly paid.... and so provided the shareholders vote for the remuneration package at the AGM, then that circle would appear to have been closed.... the issue of course is defining 'excess'....