Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Saturday, June 30, 2007

Congress Subpoenas Executive Compensation Consultant

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.

http://lawprofessors.typepad.com/securities/2007/06/congress-subpoe.html

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