Tuesday, April 11, 2006

SEC to Demand "Katie Couric" clause?

I'm not sure what the SEC is getting at but it sure will be interesting reading if this measure passes.

The regulation in question would require a company to disclose the pay details of as many as three non-executive employees whose individual compensation exceeds that of any of its top five executives.

I wonder if they will disclose the perks and stock compensation too? It sure will be interesting to see who the top three highest paid stars at any media company is. You will also get to see if they get free company jets and that sort of thing as well. When I saw Katie Couric clause I thought the SEC was going to start asking questions in the form of a biased statement. "You had revenues of 5.6 billion but are killing 10,000 Jub Jub Birds a year and destroying the environment. How do you defend such widespread destruction and maiming?"

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