Some of Comcast’s shareholders are upset that CEO Brian L. Roberts made $27.8 million dollars last year, and are part of a growing number of shareholders who want a say in how much a CEO gets paid. The recent uproar stems, in large part, from Home Depot’s former CEO Robert “Big Bob” Nardelli’s “undeserved” $211 million package. From the Philadelphia Inquirer:
Members of the House Financial Services Committee, led by Rep. Barney Frank (D., Mass.), approved a bill last week that would give shareholders an advisory vote on pay.
In a statement on the bill, Frank said he did “not understand those who argue that the people who make up our stock markets are collectively very wise, but at the same time are somehow incapable of rendering a coherent opinion of what they should pay those they employ to run the corporations that they own.”
According to Forbes, Roberts made $14.3 mil in 2005.
Shareholders with more rights? Good or bad for customer service? —MEGHANN MARCO
Shareholders ask say on executive pay [Philadelphia Inquirer]