Business News • MarketWire • Investor Group Calls Failed Corporate Boards a Major Hidden Cause of the Economic Meltdown and Excessive Bank Bonuses; Demands Reforms in Washington and Boardrooms

Investor Group Calls Failed Corporate Boards a Major Hidden Cause of the Economic Meltdown and Excessive Bank Bonuses; Demands Reforms in Washington and Boardrooms

Investor Group Calls Failed Corporate Boards a Major Hidden Cause of the Economic Meltdown and Excessive Bank Bonuses; Demands Reforms in Washington and Boardrooms

NEW YORK, NY--(Marketwire - February 2, 2010) - "As the boards of some bailed-out Wall Street banks are handing out average bonuses for one year of nearly $600,000 per employee, all paid from shareholders' money, the average American has less than four percent of that amount in their entire retirement accounts," said Frederick (Shad) Rowe, the founder and president of the Investors for Director Accountability Foundation (IDAF).

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