February 8, 2006
UK versus US on Executive Pay
Great article by Jesse Eisinger in the WSJ today comparing the UK and US rules on disclosing executive pay. The UK has had detailed disclosure rules in place for some time (why did we take so long?) and the UK rules are require more detail than even our new rules on option packages. In the UK, shareholders vote to ratifiy full pay packages rather than just option or bonus pay packages as we do. In the UK executive salaries are lower than the US by not by much ($6 million per year here to $4.9 per year there).
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