I'm about as egalitarian as anyone, but I cannot accept your proposal that each shareholder ought have an equal vote. If I held a large portion of a company, I'd expect to have a greater say that someone with a minimum holding.
It's clear to me that your proposal would result in allied people buying small parcels strategically to control a particular vote. Union voting is not perfect either ... it's a wonderful system if all members studied the issues, formed a view, and got off their bottoms and attended the meetings and voted. That's not what happens. Instead small groups of agitators gather support amongst their cronies and push through proposals which do not represent the view of the broader membership at meetings of notoriously proportionately small numbers.
Executive salaries around the developed world are ludicrously high, and everyone knows it. Unfortunately it's a societal problem, and not addressable by changing corporate voting systems in this country.
WBC Price at posting:
$23.30 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)