11 March 2008
Maybe, Some Accountability
As a result of the WaMu board decided that bad mortgages should not get in the way of obscene senior executive bonuses, it looks like some major share holders, and possibly some share holder rights groups are looking at trying to remove the board members.
It probably won't come to anything, the regulations in place in the US make it very difficult for the owners (share holders) of a company to effect management decisions, but it's a good start.
It probably won't come to anything, the regulations in place in the US make it very difficult for the owners (share holders) of a company to effect management decisions, but it's a good start.
Labels:
Business
,
Corruption
,
Finance
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