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No more hiding the corporate jet

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Cuauhtla Donating Member (56 posts) Send PM | Profile | Ignore Tue Jan-17-06 07:06 PM
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No more hiding the corporate jet
http://www.csmonitor.com/2006/0118/p08s01-comv.html?s=hns

Tuesday, the Securities and Exchange Commission (SEC) was set to unveil its first overhaul of executive compensation disclosure rules in 14 years. Given the ballooning of CEO pay since then, and the plethora of hidden perks, the transparency pushed by new SEC chairman Christopher Cox is welcome, though long overdue.

....

From 1990 through 2004, CEO pay at the top 365 firms increased 319 percent, the S&P 500 238 percent, and profits 87 percent, while average worker pay rose 4.5 percent.
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