FutureOfCapitalism.com, June 10, 2009, 5:23 p.m.:
Great Britain, one of America's major trading partners, adopted "say on pay" in 2002. Yet the British financial sector is in just as bad shape, or worse, than America's is, calling into question the idea that "say on pay" would have prevented the financial crisis.
The Financial Times's "Lex" column, June 10 2009, 22:32:
remember that independent pay committees and shareholder votes on packages are norms elsewhere, including the UK, and failed to mitigate the crisis.