Securities Law Prof Blog

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

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.

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