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William & Mary Business Law Review
Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
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Executive Compensation And Income Inequality, Daniel J. Morrissey
Executive Compensation And Income Inequality, Daniel J. Morrissey
William & Mary Business Law Review
This Article explores the connection between exorbitant executive compensation and the growing income inequality in our country. It discusses the traditional legal attempts to rein in corporate remuneration as well as the more recent “Say-on-Pay” right given to shareholders in the Dodd-Frank Wall Street Reform Act of 2010. The Article concludes that negative stockholder votes can be evidence that directors have breached their fiduciary duties by granting overly generous pay hikes to their top officials.