Let the sun shine in. The Securities and Exchange Commission has proposed new rules that would shed light on executive pay. If the rules pass in time for next year's proxy season, and it's widely assumed they will, companies will have fewer places to hide or disguise CEO compensation.
But 2007 is a lifetime away. The 2006 proxy season is in full swing. That's right, it's that joyous time of year when companies release their proxy statements and shareholders learn how much cash executives stashed during the previous year.
Some firms have revealed more than ever before, hoping to please shareholders and governance watchdogs. For most companies, however, the dirty details are still hidden or obscured.
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