Reacting to investor concern about ever-increasing CEO pay packages, SEC commissioners have voted 5-0 to overhaul disclosure requirements for executive compensation, including the sometimes tangled packages that managers receive when they sell their companies. Specifically, the plan unveiled Tuesday would require companies to provide easy-to-read tables explaining retirement benefits, golden parachutes and other perks paid upon a CEO's termination.
January 18, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Alan Beller, the Securities and Exchange Commission’s corporate finance chief, says it’s high time for investors to have better tools for gauging whether mergers are serving their best interests.
Reacting to investor concern about ever-increasing CEO pay packages, the SEC commissioners voted 5-0 to overhaul disclosure requirements for executive compensation, including the sometimes tangled packages managers receive when they sell their companies.
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