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Business leaders at public companies believe that hedge funds are focusing in on executive pay. Almost three out of four (73 percent) respondents to the Grant Thornton LLP Survey of U.S. Business Leaders, 13th edition, said that they think executive pay would be a major issue for hedge funds and other activist shareholder groups in the coming months. Although most of the business leaders (86 percent) report that their company has not had to deal with any demands from hedge funds, there was no consensus among them on whether hedge funds are having an impact on corporate performance. One out of five business leaders say that hedge funds would have a positive impact on corporate performance; almost two out of five (38 percent) say that they are having a negative impact; and 30 percent say that they have no impact. The survey also found that a majority (82 percent) of the business leaders think that hedge funds should be subject to Security and Exchange Commission oversight. About the survey The Grant Thornton Business Leaders Council is composed of forward-looking, innovative business leaders and executives from businesses with revenues ranging from $50 million to $2 billion nationwide. More than 300 executives from various industries responded to the survey between June 13-July 21, 2006. About Grant Thornton Grant Thornton LLP is the U.S. member firm of Grant Thornton International, one of the six global accounting, tax and business advisory organizations. Through member firms in 112 countries, including 50 offices in the United States, the partners and employees of Grant Thornton member firms provide personalized attention and the highest quality service to public and private clients around the globe.
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