Proposed Bill HR 1257 by Barney Frank looks to be a pacifier. A proxy vote with no bite.

IF you look at the recent Home depot exit by Robert Nardelli its enough to make you sick. Personally the board of directors are just as guilty as the CEO's they hire. Both big business and government are connected and protect one another. The magical term used if you are caught as a CEO doing wrong or not cutting it is (I will Retire) this evidently is supposed to wipe all of your wrong doings out. I say this because they (CEO's) take their perks (retirement compensation with them) It's like an unspoken law or insurance policy that says no matter what you can keep it all.

Since the board of directors must approve the contracted incentives this makes them as guilty as the CEO himself. As a matter of fact it appears that,they all cover for one another. Many times as you look at the board of directors at various companies the same names appear over and over again. I call this a total giveaway program since many do not meet their obligations.

To get back to HR 1257 this looks to be a real joke. If companies were smart there would be no vote by proxy as many stock holders have no idea about those running the company they hold stock in. With communications they way they are today ceo's and presidents should be talking to and held accountable to their stock holders.

Stiffer penalties should be mandatory for violating the trust of a companies stock holders. The ego Maniacs that run companies today are tremendously over compensated. I think we can all agree no one human being is worth 30 to 100 million a year plus retirement.

There should also be a separation of government and big business as this promotes opportunities which lead to collusion between the two.

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