excessive salaries

New SEC Rule Gives Investors a Vote on Executive Pay

The Securities and Exchange Commission on Tuesday approved a measure that gives institutional shareholders a vote on executive pay at large corporations, part of regulators' efforts to give investors greater say over top-level salaries that have been described as excessive.

Calif. Sues City Officials for Overpaying Themselves

California Attorney General Jerry Brown is suing eight current and former city executives from the town of Bell over ridiculously the absurdly inflated salaries they paid themselves, which they financed by overcharging Bell residents on taxes and fees.