Monday, Jul. 06, 1992
Et Cetera
Under current rules, it's all but impossible to figure how much corporations actually pay their top executives. To take the mystery out of proxy statements, the SEC proposes that companies use uniform tables to show senior executives' compensation and illustrate more clearly how the corporation is performing compared with similar firms. The SEC also wants it spelled out how the directors determined the salary. The proposals could be adopted by the 1993 proxy season.