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Are Nuance Communications executives overpaid? - Uhh, yes?


Posted: Dec 03, 2013

Here is an article of interest to stockholders of Nuance. Money quote:
________

"For better or worse, every time you buy a stock, you're effectively endorsing the underlying organization's practices. If you are a Nuance shareholder, you're endorsing the fact that five executives have gotten rich at the expense of the company's profitability. This practice may have undermined shareholder wealth, which hasn't been to your benefit. In addition, this practice is not necessarily in the company's best financial interest, considering these five executives made the equivalent of 55% of Nuance's cumulative operating income between fiscal 2010 and 2012.

At the end of the day, shareholders have the power to "vote with their dollars" and align their investments alongside their morals. Personally, the excessive executive compensation was one of the reasons I sold my Nuance stake a few months ago."

________

It is particularly galling to see this when they are by far the Wal-Mart of MTSOs, figuring any way they can to cut pay and reduce working conditions of those of us on the lower rungs of this corporation. So if the stock goes down and the company's bottom line suffers, guess who is going to take the brunt of it, although I really cannot see what else they can do to reduce our pay further, except fire us maybe.

Chuckling--sm - anon

[ In Reply To ..]
Yeah, the execs are overpaid but I have laugh at the line about voting with investment dollars for a company with better morals. They are not advocating for the employees to earn more but for the shareholders to get a bigger portion of the pie.

You are right - even more depressing

[ In Reply To ..]
Yes, here the word "morals" means they are objecting to the lack of profits to share with the investors.

Funny how they never seem to object to the immorality of paying workers less and less and taking away decent working conditions, just the immorality of the top dogs getting huge bonuses taking away from profits. Even that does not seem to be criticized much in the business community. It's good to see actually.

But you're right, if investors get their way the profits would not be spent on us, but shared by investors.

Are Nuance Communications executives overpaid - Fed up

[ In Reply To ..]
I totally agree with you. It is a sad day in America when we are paid pennies and the executives are paid millions.


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