Via Broc:
Bosses are likely to be nervous about comments [Christopher Cox] made shortly after becoming SEC chairman that investors had to have sufficient information about executive pay to be able to "discipline" cases of "apparent excess".
In a speech to business leaders in New York this month, he sought to reassure people the SEC did not want to "interfere in salary decisions" or to "cap salaries".
The SEC has instead been studying what additional information should be provided to investors about executive pay. It is considering requiring companies to make valuations of bosses' defined benefit pensions and stock options, potentially huge sources of compensation.
See full Article.
Posts
