Quote:
Originally posted by Penske_Account
The former is all on them, the latter is fraud. I don't know that there has been any accusation of that. Cite please?
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I don't know that there has been either, but one implication of what you posted earlier is that it has not been the case that CEOs make their boards aware of what's actually in the package:
"The opinion, suggests Barrall, means that at a minimum CEOs will have to make sure 'the board understands the numbers and all the elements of the [leader’s] pay package and how they work together.'"
If the board isn't paying attention, then this would be an impossible task. If it is the norm that the information provided is not complete enough to be understood, then there is a new obligation on the CEO. I'm speculating here.
