Dodd-Frank “say on pay” litigation

Putting the 2010 bill to work:

Now, lawyers have found a new way to bring lawsuits over executive pay, resulting in a handful of legal settlements. But the settlements to date have produced no changes in executive compensation and no money for investors. In fact, the main financial beneficiary so far has been a small New York law firm that brought the bulk of the cases.

[Nate Raymond, Reuters; Prof. Bainbridge]

One Comment

  • No benefit to shareholders, no benefit to the public, wealth to the Lawyer Industry… the perfect law!