Business Services Industry
Rules make exec comp hard to hide. (Securities and Exchange Commission rules on executive compensation)
Crain's Cleveland Business, April, 1993 by Shingler, Dan
Proxy statements this year are blowing the roofs off corporate board rooms here to shine more light on the issue of executive compensation. Under new rules issued by the Securities and Exchange Commission, the proxy material of publicly held companies must disclose more fully what their top executives make beyond their salaries.
For the first time, bonuses must be reported separately and a dollar value must be put on all stock options and awards. The new rules are intended to allow shareholders to compare executive compensation to company performance. They are the latest product of a national trend that finds the SEC, shareholders' groups and companies themselves all linking pay more closely to the bottom line. In the case of the public companies here, the more...
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