The fact that directors might go without pay is meaningful. It shows, on the part of the directors, confidence that the company has a good future.

No director anywhere from this point on would want to put themselves through this kind of ordeal that the directors at Disney just went through for eight years. Now boards realize they must be more independent and circumspect.

That would go an awful long way to restoring confidence,

It's a novel idea. Where it's unique is that if directors don't meet internally based targets, they get nothing.

Any time you separate economic interest from voting interests, it leads to all kinds of problems. It lessens the accountability. I haven't heard of any good reason for dual-class stock. I think the proposal will strike a chord with a lot of people.

When you see something like this, it begs asking what failure in their system led to this. Why didn't anyone pick it up?