The Securities and Exchange Commission has sent about 300 letters to companies asking for more details on executive salaries, reviving a debate about how corporate salaries are disclosed to investors.
“The purpose of the letters is to help companies better explain why they pay their executives what they pay them,” an S.E.C. spokesman, John Nester, said yesterday. The letters were mailed to companies starting last week.
Last year, the S.E.C. began requiring companies to provide more information about stock option awards and to report the total compensation of their five highest-paid managers.
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