lol I doubt it is "misguided" I believe he knows full well how to spin the propaganda!
A group known as ShareOwners.org, which supports such "say on pay" legislation finds that most of the investing public wants such provisions. The group says that after conducting a national survey it found that 83% of U.S. investors feel that shareholders should be permitted active involvement in CEO pay.
With such strong backing behind it you would expect top execs to be quaking in their loafers. But they're probably not, and there's one big reason why: The legislation is non-binding, and in no way can it ever overrule what a firm's board decides to actually pay its executives. So, in effect, we have, once again, a great amount of sound and fury--and Barney Frank is among the most furious--amounting to very little.
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