April 4, 2007: Millstein Lunch Series Lecture
Stephen Davis, Millstein Center Fellow & President of Davis Global Advisors, -"The Nardelli Effect-Can CEO Pay Be Accountable"
"Home Depot's Robert Nardelli walks away with $210 million after presiding over a long slide in his firm's stock price. Hank McKinnell leaves Pfizer with a fortune after years of watching value drain from the company. Experts say that pay policies are a critical indicator of a board's commitment to shareowner value. Is compensation well aligned with shareowner value today?Or are out-of-control pay policies corroding American corporate competitiveness? We explore 2007's hottest corporate governance topic--and see why this year may be the tipping point for reform."
