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March 21, 2007

Disclosure rules shine new light on CEO pay

  • The proxy statements show lots of excess, some bizarre giveaways and plenty of corporate spin as to why the top brass deserve to get so much.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — It has never been a secret that CEOs get paid big money, but all the little extras that pad their pay — allowances for beer, cash slush funds, home security systems, commuting costs and more — have been hidden from public view.

    Not anymore, thanks to new disclosure rules that have forced companies to thrust more of the juicy stuff related to executive compensation into the spotlight when issuing their annual proxy statements.


     
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