1. What does it mean to "overpay" a CEO? Do you think that some CEOs are overpaid? What about the "typical" CEO?
2. Are stock options to blame for the earnings management scandals?
3. Have institutional investors been very active in the corporate governance process over the past 20 years? Which institutional investors have been the most active? Why?
4. What changes have been taking place in shareholder activism since the recent business scandals?