Corporate Governance & Your Fiduciary Duty. Bill Sokol Weinberg Roger & Rosenfeld [email protected] Do You Have A Fiduciary Duty to Engage in Issues of Corporate Governance?. YES. The Simple Logic. If A: Congress enacts ERISA If B: States each enact own ERISA standard
Do you simply continue to give billions to Wall Street to mis-manage, to spread risk to you and keep bonuses for themselves?
Not Rhetorical Question
Two Banks (JPMC & GS), One Year 2010:
$35 Billion for Bonus/comp packages for themselves
(entire California budget crisis is only $25 billion)