PROFESSOR BAINBRIDGE: Why don’t institutional investors have say on their own pay? “I wonder how many, if any, members of the Council permit their beneficiaries to vote on the pay their executives receive. I don’t recall ever being asked to give an advisory vote on the pay of the executives at TIAA-CREF or the UCRP. How about CalPERS? Why isn’t sauce for the goose sauce for the gander?”
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