Tuesday, January 03, 2006

Rein in the Corporate Wages of Excess

As Compensation for Executives Tips the Scales, Shareholders Deserve Power to Change the Equation
Last month, the Teamsters cheered a decision by Coca-Cola to belatedly adopt a union suggestion to limit large executive severance packages. Under the policy change, Coca-Cola agreed not to grant severance payments in excess of 2.99 times an executive's annual salary and bonus without getting shareholder permission. Full story here.........http://www.hoffa2006.com/mediacenter/article.php?id=158

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