Saturday, June 30, 2007
Gretchen Morgenson's column in the New York Times today discusses conflicts of interest between executive compensation consultants and the companies they advise. A few month ago, Henry A. Waxman, Chair of the House Committee on Oversight and Government Reform, asked a number of consulting firms to provide information on their client relationships and revenues for the past five years. Yesterday Towers Perrin received a government subpoena for the information. See NYTimes, Subpoena for Advisers on Salaries.