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.