Shareholder capitalism, Alpine edition:

Of the top 100 Swiss companies, 49 give shareholders a consulting vote on the pay of executives. A few other countries, including the United States and Germany, have introduced advisory "say on pay" votes in response to the anger over inequality and corporate excess that drove the Occupy Wall Street movement. Britain is also planning to implement rules in late 2013 that will give shareholders a binding vote on pay and "exit payments" at least every three years. Minder's initiative goes further...

The managerial class, enabled by institutional owners, has turned public companies into their own personal piggybanks. Not good business. 

Also, a possible endgame for the carried interest scam. 

Comments

[Kim]

Carried interest needs to be looked at, especially when the capitol gain is really a management fee. Enterprise value is another animal all together.