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Opinions

Leave Exec’s Salary Oversight To CU Boards

I think NCUA’s proposal for more disclosure of credit union executive compensation it is a bad idea. The board is responsible for such decisions and I feel that there is plenty of oversight both internally and externally.

I think that it would open up deals that would hide income. I think that for large public companies CEO income is very immaterial; but in small credit unions it would become a gossip situation and counter-productive and encourage members to micro-manage salaries. Let the board members do what they have been entrusted to do by the members and do not provide obstacles for them to overcome.

Rick Odenthal

Central Minnesota FCU, Melrose, Minn.

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Credit Union Journal encourages reader feedback. Letters to the Editor can be sent to Managing Editor Lisa Freeman at lfreeman<at>cujournal.com. Letters can also be faxed to 561-832-2939 or submitted online at www.cujournal.com. (c) 2008 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

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