SEC Commissioner Gallagher uses time-worn excuse of 'sheer complexity' of executive compensation to put smokescreen over efforts to reform (curtail) top pay.
Thisshows how little he (or the SEC) understands the frustrations of (well-informed) shareholders, employees and citizens. Economies functioned perfectly well during the post-WW2 expansion without gimmicky compensation. One number should be enough – basic salary. All other perks (pension, options, bonus) should be based on the number for ALL EMPLOYEES of the business. This is a long-standing proposal by Pro-Governance and other parties involved in the corp gov discussion are invited to follow suit.
(9-June- 2013)
The Corp Fin Staff just released 18 revised CDIs on the filing of Schedules
13D and 13G. Thanks to the helpful redlines provided by Corp Fin, it looks
like...
11 hours ago
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