A Push for Executive Accountability

The effort to give stockholders a “say on pay”—determining the compensation packages of companies’ top executives—gained traction in 2009 as 38 publicly traded companies said they would address compensation issues. While some companies saw the writing on the wall regarding executive pay in the slumping economy of 2009 and pledged to adjust pay packages, others still resisted. At Cisco Systems, the technology corporation, shareholders forced a vote on the issue for the second year in a row in 2009. They prevailed this time, garnering 51.4 percent of all shares voted. The issue has also picked up steam in Washington, where government officials rescued financial firms through its Troubled Assets Relief Program and joined the outcry when some bailed-out firms still produced hefty bonuses for top executives.

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Sen. John McCain, R-Ariz., speaks with reporters ahead of a health care vote on July 27 on Capitol Hill in Washington. The Senate rejected legislation to repeal parts of the Affordable Care Act, with McCain casting a decisive "no." (CNS photo/Aaron P. Bernstein, Reuters)
“We are relieved and delighted that the Affordable Care Act remains intact,” Sister Carol Keehan said. “We think that this is really an important moment now to hear the people on both sides of the aisle that have said we need to come together and work on making this better.”
Kevin ClarkeJuly 28, 2017
Photo by Michael O'Loughlin
Ms. Cook said she often witnessed individuals climbing the rickety wooden steps leading up to the memorial. “It was the saddest thing you’ve ever seen. You just wanted to cry,” she said, recalling the mothers, in particular, mourning the loss of their dead sons.
Cardinal Charles Bo of Yangon, Myanmar, pictured in an early January photo, has become increasingly outspoken as the Nov. 8 election approaches and has urged the nation to embrace religious diversity. (CNS photo/Lynn Bo Bo, EPA)
Cardinal Bo believes the establishment of diplomatic relations between Myanmar and the Holy See could “help build up Myanmar as a democracy and contribute to peace building in the country.”
Gerard O'ConnellJuly 28, 2017
(CNS photo/Michael Roytek, courtesy Boy Scouts of America)
Archbishop Pierre said the Scouts are called to be "leaven" in a world today that "is plagued by isolation, selfishness and individualism. In contrast, Scouts know something about being together, including others, and teamwork."