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Is Clear Channel's Compensation Panel Really Needed?

W

WhiskeyRobber

" Shareholders of Clear Channel Communications Inc. on Tuesday approved the creation of an independent compensation committee, a measure proposed by a group of five New York pension funds.

But with a $19.45 billion buyout proposal going forward with "nothing but momentum," according to Chief Executive Mark Mays, it could be a moot point. Taking the company private would no longer subject its actions to public scrutiny."

http://www.mysanantonio.com/business/stories/MYSA052307.01E.clearchannel0523.2bc761b.html
 
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