The devil is always in the details when it comes to executive compensation, and the Securities and Exchange Commission’s attempt to regulate executive pay is proving no different.
The Commission formally outlined its ideas for overhauling compensation at a meeting Jan. 17. Among the goals of Chairman Christopher Cox: detailed disclosure of total compensation of a company’s principal executive officer, principal financial officer, three other highest-paid executive officers and its directors; and similar disclosures for some non-executive employees if they are more highly paid that the top executive officers (see box at right for details).
