Bringing Democracy to the Boardroom

A shareholder activist is challenging what she calls Soviet-style corporate elections, blaming them for Wall Street's recent scandals

Shareholder activist Deborah Pastor thinks corporate board elections are like Soviet-style campaigns. Only one party is on the ballot -- the CEO and his or her cronies -- while dissident candidates are on a separate ballot. Often, shareholders don't know they have an alternative. And if they choose not to vote, their stockbrokers may be able to vote for them -- usually siding with management.

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