Congress passed legislation that allows for a non-binding vote related to compensation to company executives in publicly traded companies. In light of multi-million dollar firings, dismissals, or removals, the shareholder has no ability to question these actions. Individuals invest in stock and do not have the same insider information that executives and board of directors (BOD) possess. While they are bound by law, it is easy to ignore or overlook. These individuals always win and the shareholder earnings are impacted by the multi-million dollar deals.
Shareholders deserve the right to have a binding vote on all compensation packages for all publicly traded companies.