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July 09, 2003

Moves afoot to curb CEO salaries

Moves afoot to curb CEO salaries | csmonitor.com
Steps by shareholders and the SEC affect pay, stock options, 'golden parachutes.'

By David R. Francis | Staff writer of The Christian Science Monitor

At a recent Saturday soccer game, Scott Klinger noted that the watching dads weren't griping about referee calls but about the pay of their companies' chief executive officers.

In the wake of corporate scandals such as the Enron affair, American workers have become more conscious of the huge gap between CEO pay and their own, says Mr. Klinger, co-director of Responsible Wealth, a group that is pushing to change a system that, he says, "violates the American sense of fairness."

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Posted by Lance Brown at July 9, 2003 05:40 PM | TrackBack
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