The directors and trustees of these funds can be contacted to initiate and support shareholder proposals to limit executive pay. The Web site provides data on which funds invest in companies with excessive compensation packages. The IRS defines both requirements loosely under current rules. Contact the SEC to require fuller disclosure of executive compensation packages The PayWatch Web site has also injected some fun into the campaign. Visitors to the site can play a board game called Greed where they can win by grabbing a golden parachute, stacking the board of directors, cutting deals for extravagant perks, and covering up poor performance.
Players lose points when shareholders revolt and file resolutions or lawsuits.
PayWatch also allows visitors to the site to compare their pay to their own CEO's pay. The visitor can find out how many years it would take them to earn what their CEO earns. Now that the rule that stock markets go down as well as up has been restored, and with the economic euphoria of the last few years wearing off, it is an opportune moment for sanity to be returned to corporate boardrooms on executive compensation. Every citizen who has a computer available should visit the site.