Executive Compensation and Income Inequality

William & Mary Business Law Review, Vol. 3, 2012

Gonzaga University School of Law Research Paper No. 2012-2

44 Pages Posted: 30 Apr 2012 Last revised: 14 Jun 2012

Date Written: March 9, 2012

Abstract

The articles explores the connection between exorbitant executive compensation and the growing income inequality in our country. It discusses the tradition legal attempts to rein in corporate remuneration as well as the more recent “Say-on-Pay” right given shareholders in the Dodd-Frank Wall Street Reform Act of 2010. The article concludes that negative stockholder votes there can be evidence that directors have breached their fiduciary duties by granting overly generous pay hikes to their top officials.

Keywords: executive compensation, corporate waste, income inequality

Suggested Citation

Morrissey, Daniel J., Executive Compensation and Income Inequality (March 9, 2012). William & Mary Business Law Review, Vol. 3, 2012; Gonzaga University School of Law Research Paper No. 2012-2. Available at SSRN: https://ssrn.com/abstract=2048698

Daniel J. Morrissey (Contact Author)

Gonzaga University - School of Law ( email )

721 N. Cincinnati Street
Spokane, WA 99220-3528
United States

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