[QUOTE
But the Corporate Library, which monitors corporate governance on behalf of shareholders, said Schwarzman's entire compensation package "was decided not by a compensation committee but by Mr. Schwarzman himself."
][/QUOTE]
couple of thoughts ?
OK .. I'll buy hes a really nice fellow .. But the real issue is by way of corporate structure if joe blow buys enough shares in a listed company
he then has a place on the board and can vote on renumeration paid to other senior board members includeing himself
Shareholders are quick to squeal when there investments take a dive
but ..imo .. are happy to take the rewards when times arn't tough.
But its a double edged sword sometimes (think meade) if that cosy little cash cow starts to get a little shakey with a listed company
and the share price drops to nothing theres somone buying up those shares and with it a controlling interest who can then boot out the dead wood ....but still start the whole cycle again .
viva capitalism