Investor Outcry Over Exec Pay Retreat
Investor groups expressed outrage on Dec. 27 over a decision by the Securities & Exchange Commission to modify the rules for disclosing executive compensation at publicly held companies. In July, the SEC, investors, and companies had hammered out an agreement to make much clearer to shareholders how much top executives were getting paid, including everything from salary to stock options to perks. But late on the Friday before the Christmas weekend, the SEC reversed one component of that agreement, allowing companies to spread the cost of a stock-option grant over several years instead of counting it all in one year.
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