August 31, 2007
The Securities and Exchange Commission (SEC) has startled the CEOs of over 300 companies with letters asking for more detail in their compensation disclosures on the SEC's new rules. The CEOs are startled because they did little to prepare the disclosures; their attorneys did. We again have an example of corporate attorneys reading the SEC rules as closely and conservatively as is possible (or beyond what is possible) in order to disclose the barest minimum. The SEC is apparently not happy with the practice and may have itself over-reacted in demanding more detailed information. It will take some time for this ping-pong match to play itself out. It is yet another illustation of the extreme sensitivity of the country's CEOs to executive compensation disclosure requirements.
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Let’ s start with hyper- inflation. The value of the money you do have drops so fast that you need to spend it as soon as it is in your hand, or the prices of everything will be higher the next day, or even in the next few hours. Therefore, if there is something you NEED, like dental care, GET IT NOW while it is still‘ cheap.’ If you are able to finance it, do so. If the credit industry completely collapses, repayment will be impossible and therefore you will have saved yourself the out- of- pocket expense,...
Posted by: low income home loan | Jul 21, 2008 4:32:41 PM