Best Buy board makes last-minute pitch to shareholders on executive pay

  • Article by: Thomas Lee , Star Tribune
  • Updated: June 15, 2013 - 7:51 AM

The Richfield-based consumer electronics giant scrambled to line up votes for its executive compensation program after a prominent shareholder advisory firm urged investors to defeat it.

  • 4
  • Comments

  • Results per page:
  • 1 - 4 of 4
jimmyb007Jun. 15, 13 7:19 AM

It is funny how the spokeswoman states that the financial performance of the company has improved....not true. The stock price is up, but the actual operating earnings of the company are down. She should probably look that the company's own SEC filings.

4
0
albundy74Jun. 15, 13 8:03 AM

The relationship between these boards and the executive pay issue is best described as incestuous. They all serve on each other's boards, how ethical is it to hand out millions without meaningful, consistent, long range results? If these executives want to be paid this much, let them start their own companies instead of leeching off the shareholders and employees. Oh wait--if we don't pay them this much they'll leave! Good luck in this economy and with a struggling company on your resume.

4
0
potter101Jun. 15, 13 6:36 PM

This is the primary reason why American capitalism is broken. It is not in any way being dictated by supply and demand, it isn't capitalism. Example executives in this country make 10 time more then executive in any other country in the world. A prime example of the grosses way to not being able to compete in the world market.

0
0
dsteinbe1977Jun. 15, 13 7:26 PM

I wonder if they will give some of the bonus money to the employee who was doing a phone interview right outside the board room to get him to stay?

0
0
  • 1 - 4 of 4

Comment on this story   |  

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT