SEC aims for more executive pay disclosure
By a unanimous vote, the Securities and Exchange Commission adopted a sweeping change to the rules by which executive pay is disclosed. Companies would be required to provide tables in annual filings that detail total yearly compensation for the chairman, CFO and next three highest-paid executives. The true costs to the bottom line of their pay packages, including stock options, would have to be specified. This is a significant development for the financial services industry.
> Here's an Associated Press recap.
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