Posted tagged ‘compensation’

Napkin Notes: American Voter Non-Binding Resolution on Congressional Compensation

June 15, 2015

The annual blizzard of annual shareholder voting and meeting announcements have been arriving.  Tucked within the annual Board of Director recommendations for electing or re-electing people I do not know to act on my behalf, is an increasing popular referendum: a non-binding shareholder vote on executive compensation.  The actual influence the vote will have I believe is as yet indeterminate.  What intrigues me is Congress approves its own pay each year.  Maybe the American people should formally have a non-binding opinion on congressional compensation each general election.

Today Congressional approval by the American public stands at 19% and above the all-time low of 9% in late 2013.

http://www.gallup.com/poll/1600/congress-public.aspx

While pay may not be the primary motivating factor for politicians, a non-binding resolution in general elections in conjunction with individual and congressional approval ratings by an independent third-party may help with informed management our representatives.