Pay may soon take a back seat to pensions when it comes to raising investor ire over executive compensation.
The Securities and Exchange Commission voted last month to force companies to reveal more information about how top executives are compensated, including salaries and perks.
But what's most likely to shock investors are pension and deferred-compensation accruals that will appear in readable form for the first time in next year's proxy statements, some experts say.
'Instead of finding out about all this stuff years later when someone retires, we are instantly going to know the `holy cow' factor'' of pension promises to executives, said Joshua Lurie, vice president of executive compensation and business development at Salary.com in Waltham, Mass.
As standard pension programs for rank-and-file workers increasingly have been terminated to cut corporate expenses, hefty executive pensions have become a hot-button issue with some activist investors.
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