NEW YORK ( TheStreet) -- The egg industry's attempt to pin its salmonella woes on consumers was deemed the dumbest thing on Wall Street this week by readers of TheStreet.
After Commisso announced that he had withdrawn his proposal on Tuesday, shares of the company took a nosedive. " CEOs Recoil From the Ratio" was close behind in the poll with 14% of votes. According to the Financial Times, S&P 500 company executives raked in a median compensation of $7.5 million last year compared with the average private sector employee salary of $40,000. "We're not debating the concept of disclosure -- we think it's a good thing," Larry Burton, executive director of the Business Roundtable, which represents chief executives of the biggest U.S. companies, told the FT. "But you can do more harm than good if you take a well-intended piece of policy and implement it badly. That's the risk here." Close to 10% of voters found it dumb that retailers were applauded for reporting better-than-expected August same-store sales, as expectations were set incredibly low. According to the International Council of Shopping Centers Overall, total same-store sales were up 3.2%, on .2% better than the prediction of a 3% gain. -- Written by Theresa McCabe in Boston. >To contact the writer of this article, click here: Theresa McCabe. >To follow the writer on Twitter, go to @TheresaMcCabe. >To submit a news tip, send an email to: firstname.lastname@example.org.