Richard Ferlauto
Richard Ferlauto
boards directors elections gives hold structured theme
Elections aren't structured in a way that gives shareholders a voice. The big theme is to hold boards and directors more accountable.
blew past
In the past they blew us off, and now they're talking.
create executive interests mechanism pay response symptom
The symptom was executive pay being non-aligned with shareholder interests and our response was to create an accountability mechanism for directors.
borne costs filling huge increased
Increased costs are being borne because they are filling huge deficiencies in the regulatory approach.
importance muscle splitting
That was the first flexing of shareholder muscle and that shareholders were emphasizing the importance of splitting those roles.
bad leverage pay
The only leverage we have for bad pay is embarrassment.
fund gold met mutual pay rooting standard terms
We think that no mutual fund has actually met the gold standard yet in terms of aggressively rooting out pay that's not deserved.