"There have been ongoing issues regarding pay-to-play and undisclosed compensation for some time, " Galvin says.

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But before we discard them, we should consider the useful role they can still play in most executive-compensation programs.

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More often it is a hair-tearing experience - without even the compensation of having purchases to play with at the end of the day.

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Lead plaintiffs, regardless of the size of their investment, were allowed to play a central role in the selection of counsel and their compensation (which could be as much as 40% of any settlement).

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They say it's not fair that session musicians and others who play or sing on records played on the radio should be denied compensation.

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