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  • Thinking Ethics was a project launched in Geneva to foster the debate about ethics. A few friends, fed up with only reading about abuses in the media, decided to hold a forward-looking seminar on five subjects: ethics and performance, ethics and knowledge, ethics and consciousness, ethics and disobedience and ethics in real time. If moral has to do with right and wrong, then ethics is its application in society. We believe that people need to talk about the subject to determine the level of ethics they want. The book Thinking Ethics, a result of the seminar, is to start the discussion. This blog is a contribution to the conversation.
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  • Andrea Spencer-Cooke
  • Pascal Marmier
  • Kelly Richdale
  • Stephen Whittle
  • Steve Bowbrick
  • Beth Krasna

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January 04, 2007

What were they thinking - part II

More on Robert Nardelli's ouster from Home Depot in the New York Times, claiming it is a warning shot from shareholders to the Board of Directors. Maybe so. I do believe that withholding votes for the re-election of a Director is an important message sent to the Board (in this case it was for the head of the compensation committee). I really can stand behind the suggestion of having shareholders vote on compensation packages, even if it is only on an advisory basis. At least it lets the Board know what the shareholders are thinking, because in the order of things, the Board should be representing the shareholders, and not the management.

Posted by on January 04, 2007 at 05:43 PM in Business |

Tags: executive compensation, Home Depot, Robert Nardelli, shareholder rights

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