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<blockquote data-quote="SignificantOwner" data-source="post: 954151" data-attributes="member: 22836"><p>Sounds nice, but the voting power of A shares makes successful shareholder activism very unlikely. Mid level management (as they like to call us) can't afford to buy enough A shares to turn heads, and the major class A shareholders won't side with an activist. The top executives are doing very well, why would they side with an activist? </p><p></p><p>The thing that drives me crazy is the non-stop talk about tying pay to performance. What a bunch of hot air. Don't we all work for the same company? How can the same performance that got the top execs significant increases in compensation have gotten "middle management" 3% raises, less of a discounted stock purchase plan, a lower 401(k) match, and less. We all took some major hits and did more with less over the last few years, but only a few are catching up.</p></blockquote><p></p>
[QUOTE="SignificantOwner, post: 954151, member: 22836"] Sounds nice, but the voting power of A shares makes successful shareholder activism very unlikely. Mid level management (as they like to call us) can't afford to buy enough A shares to turn heads, and the major class A shareholders won't side with an activist. The top executives are doing very well, why would they side with an activist? The thing that drives me crazy is the non-stop talk about tying pay to performance. What a bunch of hot air. Don't we all work for the same company? How can the same performance that got the top execs significant increases in compensation have gotten "middle management" 3% raises, less of a discounted stock purchase plan, a lower 401(k) match, and less. We all took some major hits and did more with less over the last few years, but only a few are catching up. [/QUOTE]
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