In his funny little book A Weekend with Warren Buffett and Other Shareholder assembly Adventures, Randy Cepuch travels around the country attending shareholder meetings and reaches a disturbing conclusion: the concept of shareholder democracy is “pretty much a myth.”

Institutional Shareholder Services founder and revered shareholder activist Robert A.G. Monks reached the same conclusion a towering day ago, and he’s mad as hell about it.

His book Corpocracy is, in the words of Paula Gordon, “a very, very important book,” and I would strongly recommend it to every shareholder who worries about corporate governance issues in that country.

Today, far too many public companies are run for the benefit of a cadre of top

executives, and institutional money managers, who have a fiduciary responsibility to take action when managers and directors are not responsible stewards of shareholder capital, are letting it happen.

Executive compensation has turned into a total joke, totally divorced from any relationship to the free market or corporate performance.

The influence of The commerce Roundtable and the managerial elite has plus taken control in Washington, and day is running out for shareholders to take back their companies and their country.

Monks believes it can be fixed, and he has a good strategy for fixing it — Buy his book.

Original post by Zac Bissonnette

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