Head of bank lobbying group predicts hot proxy season
The chairman of a powerful banking industry lobbying group predicts a hot proxy season coming up, particularly on questions of executive compensation. ‘I think you’re going to see a whole new groundswell of shareholder activism,’ predicted Richard Davis, chairman of the Washington DC-based Financial Services Roundtable.
Davis, who is also chairman, president and CEO of Minneapolis-based US Bancorp, went on to blast his own industry saying ‘as an industry, we failed the American people,’ a view he says is shared by most of his banking colleagues. The comments were made on local public radio in Minneapolis on Monday Jan 25 where Davis was alternately apologetic, diplomatic and combative in discussing the future of the banking industry.
Posted on Corporate Secretary Magazine webisite
Read more here.
Investor Relations in the 21st Century
... Or fencing on a tightrope in the eye of the storm...
After two plus decades on the firing line in Investor Relations I have as many questions now as I did when I started – just different questions. Traders outnumber investors; markets are increasingly fragmented and opaque; technology outpaces regulation, All these trends are transforming the IR landscape today and into the future. RiskRewardNews is where I intend to search for insight and answers. Join me in conversation with market participants, CEOs, CFOs, IROs, academics, regulators, and informed observers as the financial market of the 21st Century takes shape.
Thursday, January 28, 2010
US Bancorp CEO sees more activism
Posted by Brad Allen at 10:34 AM
Subscribe to:
Post Comments (Atom)
Posts
0 Comments:
Post a Comment