In fact, disclosure really is the answer to many different things in executive compensation.
But their resentment is growing, and most frequently seen in their reaction to executive compensation.
Executive compensation in the United States has risen dramatically in the last 30 years.
For 2009, Fidelity National evaluated its executive compensation against companies including insurance broker Aon Corp.
Corporations in the United States have been widely criticized for their approach to executive compensation.
FORBES: Outrageous Executive Compensation: Corporate Boards, Not the Market, Are to Blame
One option that is gathering support in Europe is mandatory shareholder votes on executive compensation packages.
FORBES: Outrageous Executive Compensation: Corporate Boards, Not the Market, Are to Blame
Tucked into the package is a proxy card that gives shareholders a vote on executive compensation.
Initially the focus was primarily on executive compensation (largely in response to legislative and regulatory demands).
Of course, executive compensation has long been a hot button issue for corporate watchdogs.
There are a few signs that America is doing something to fix executive compensation.
ECONOMIST: America is becoming a less attractive place to do business
Even Harvard Business Review exposed excessive executive compensation with a major article in April.
FORBES: Five Guideposts For The Future Of Leadership and Management
Many defenders of executive compensation will say there is nothing that unusual about these practices.
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So now we make executive compensation contingent upon the performance of the firm.
But the more discretion the committee has over executive compensation, the more explaining it needs to do.
The new normal with respect to executive compensation appears to be very similar to the pre-recession normal.
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The arguments justifying high levels of executive compensation usually cite pay for performance and scarcity of talent.
By putting executive compensation up for a shareholder vote, Vodafone is far ahead of most global companies.
Barofsky's study on AIG also illustrates just how messy the issue of executive compensation restrictions has become.
Treasury's "special master" for executive compensation, Kenneth Feinberg, wants AIG to reduce the amount of these payments.
Disclosure simply allows a proper understanding and control over the effective use of capital employed as executive compensation.
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"This case demonstrates everything that can go wrong in setting executive compensation, " Spitzer said in a press release.
It is not clear, however, that it has or will stop the continuing overall increases in executive compensation.
FORBES: Outrageous Executive Compensation: Corporate Boards, Not the Market, Are to Blame
Unfortunately, there is little evidence that most board members are concerned about the high level of executive compensation.
FORBES: Outrageous Executive Compensation: Corporate Boards, Not the Market, Are to Blame
The table on page 42 shows executive compensation at the 50 largest (by market cap) non-U.S. companies.
And it will end taxpayer bailouts of Wall Street firms and give shareholders a say on executive compensation.
The big executive compensation increases probably came to shift compensation from performance based compensation to salary based compensation.
At one company, for example, executive compensation was partly tied to customer satisfaction.
Donald Delves is president of the Delves Group, an executive compensation consulting firm that serves boards of directors.
The group that is best positioned to change executive compensation is corporate boards.
FORBES: Outrageous Executive Compensation: Corporate Boards, Not the Market, Are to Blame
What is the best way to stop the cycle of ever-increasing executive compensation?
FORBES: Outrageous Executive Compensation: Corporate Boards, Not the Market, Are to Blame
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