Executive Pay Continues Skyward...

The "shareholders" mentioned here are really executives at financial firms, like mutual funds, etc.   It would appear that they are uninterested in restraining excessive pay for themselves and for others...   From the Wall Street Journal...   Shareholders this year approved executive-pay packages at every public company that received funds from the Treasury Department's $700 billion Troubled Asset Relief Program and disclosed the results of the vote, according to a recent analysis.   The findings call into question the value of such "say-on-pay" resolutions, says David Wilson, a securities lawyer and author of the study. They come as the U.S. Senate prepares to vote this fall on a bill that would give shareholders of all public companies advisory votes on executive compensation, following the passage of a similar measure by the House of Representatives in July.