This is a big win - and highlights the power of shareholder activism in helping to put a leash on out of control corporate power. Shareholders are, after all, the owners of the company. But don't think for a second greedy corporate executives aren't going to fight back against their companies' owners - as I noted a few weeks ago, executives are actually using company money to begin surveillance operations against shareholders they think might cause them trouble. Stay tuned - the battle between shareholders and executivs is quietly getting underway. (davidsirota.com). What's ironic is that the Google ads at the top of the page were simultaneously advertising union busting. This would be hilarious if it were not so tragic.
Here's the screenshot:
Actually, it is pretty funny. The link advertises "Union-Free Consultant 99% Win Rate; Stop Union Organizing NLRB..." Wow. It just goes to show how very important it is to fight for workers' rights, higher-minimum wages and for shareholder rights to block egregious management practices such as exorbitant severance packages.
