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Taking Stock -- Salary And Options Too: The Looting Of Corporate America, Kenneth R. Davis
Taking Stock -- Salary And Options Too: The Looting Of Corporate America, Kenneth R. Davis
Kenneth R. Davis
Abstract “Taking Stock – Salary and Options Too: The Looting of Corporate America” Executive compensation has come to mean corporate greed. CEO pay has soared to incomprehensible levels. Even during the current financial crisis, more CEOs saw pay increases than cuts. Public resentment to multi-million dollar paychecks swelled to outrage when AIG and Merrill Lynch used bailout funds to dispense enormous bonuses to executives. The looting of America’s corporations has led to numerous strategies to curb executive compensation. These strategies include heightened corporate disclosure requirements, tax incentives, say on pay, and shareholder input into the process for nominating directors. All …
Taking Stock -- Salary And Options Too: The Looting Of Corporate America, Kenneth R. Davis
Taking Stock -- Salary And Options Too: The Looting Of Corporate America, Kenneth R. Davis
Kenneth R. Davis
Abstract “Taking Stock – Salary and Options Too: The Looting of Corporate America” Executive compensation has come to mean corporate greed. CEO pay has soared to incomprehensible levels. Even during the current financial crisis, more CEOs saw pay increases than cuts. Public resentment to multi-million dollar paychecks swelled to outrage when AIG and Merrill Lynch used bailout funds to dispense enormous bonuses to executives. The looting of America’s corporations has led to numerous strategies to curb executive compensation. These strategies include heightened corporate disclosure requirements, tax incentives, say on pay, and shareholder input into the process for nominating directors. All …
Wheel Of Fortune: A Critique Of The "Manifest Imbalance" Requirement For Race-Conscious Affirmative Action Under Title Vii, Kenneth R. Davis
Wheel Of Fortune: A Critique Of The "Manifest Imbalance" Requirement For Race-Conscious Affirmative Action Under Title Vii, Kenneth R. Davis
Kenneth R. Davis
The Article criticizes the Supreme Court's requirement that a voluntary affirmative action plan must seek to eliminate "a manifest imbalance in traditionally segregated job categories." Although supposedly advancing the goals of Title VII, the manifest imbalance requirement interferes with achieving those goals. It prevents civically conscientious employers from instituting affirmative action, while it does nothing to promote the values of equal employment opportunity, meritocracy, or fairness to nonminority workers. For example, in Schurr v. Resorts International Hotel, Inc., 196 F.3d 486 (3d Cir. 1998), the hotel, located in Atlantic City, adopted a race-conscious affirmative action plan to combat minority unemployment …