Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.595

-0.4%

1:44 PM EST

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To: chechaco who wrote (16848)	10/23/2000 6:18:42 PM
From: shoe	Read Replies (4) of 21876

Graef Crystal is a lone voice crying in the wilderness. When are we going to start howling? For a long time now, boards of directors haven't displayed the will to link CEO compensation to financial performance. I have finally concluded that state governments should change the business code to require that stockholders approve any large increases in CEO compensation, bonuses, or stock options paid during a year where the company has lost money or the company's stock has underperformed its peers by a certain percentage. Even though it is difficult to get a majority of shareholders to vote on anything, simply having this stipulation in place may restrain compensation committees from authorizing these excessive payouts. The board of directors is supposed to represent and protect the interests of the stockholders. Because these boards no longer demonstrate any interest in doing so, shareholders should be given the right to do so themselves. pjmetz

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