11 Quotes by Richard Ferlauto

The only leverage we have for bad pay is embarrassment.

We think that no mutual fund has actually met the gold standard yet in terms of aggressively rooting out pay that's not deserved.

The amount of shareholder wealth that has been transferred from shareholders to CEOs has doubled in the past 10 years.

That was the first flexing of shareholder muscle and that shareholders were emphasizing the importance of splitting those roles.

We were looking for greater transparency, and this moves in the other direction.

Disclosure is necessary but insufficient to restrain pay.

Elections aren't structured in a way that gives shareholders a voice. The big theme is to hold boards and directors more accountable.

The symptom was executive pay being non-aligned with shareholder interests and our response was to create an accountability mechanism for directors.

Increased costs are being borne because they are filling huge deficiencies in the regulatory approach.