The resentment and anger over recent corporate performance, especially in the financial services sector, has gone from bubbling up to boiling over.
Individual and institutional investors seeing share prices plummet as their companies have been brought to their knees and watching the ensuing credit squeeze and economic recession want to see changes in how companies are governed. Add to the equation an escalating outcry over executive compensation—with managers’ and shareholders’ wealth going in opposite directions—along with increasing clarity around failures by both boards of directors and government regulators, and we have much support for dramatic action.
