This interesting op-ed by Geoffrey Colvin for Fortune magazine (via LexisNexis) entitled--"CEO pay meets its match: plaintiffs lawyers"--suggests that under recent Delaware case law, directors could be personally liable if they fail to analyze and monitor a CEO's compensation. Previous posts here and here discuss director liability in the ERISA arena for failure to monitor plan fiduciaries--a topic which has been a major focus of ERISA litigation in the last few years.
Posted by B. Janell Grenier at August 3, 2004 11:06 PM