“No topic in the history of the Securities and Exchange Commission (SEC) has generated so much interest” as the new norms approved by that regulatory agency regarding managerial salaries, asserts Christopher Cox, president of the SEC. Cox has had to pore over as many as 20,000 different comments and suggestions about the SEC’s decision that requires publicly traded companies in the U.S. to make public every last detail about their packages for compensating their five most senior executives.
The SEC, an institution quite similar to Spain’s National Stock Market Commission (the CNMV), has just announced that, starting next year, every publicly traded company with a market capitalization of more than $700 million will have to reveal the salaries and other benefits of its top managers, including its chief executive.
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