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Will the SEC get new powers on executive pay?

Posted Jun 10th 2009 6:00PM by Connie Madon (RSS feed)
Filed under: Good news, Management, Employees, Politics, Recession

Can you imagine the anxiety in executive offices all across the country? Why is that you ask? The Obama Administration wants to give the SEC new powers on executive pay by forcing firms to let shareholders vote on executive pay and make executives who set pay schedules more independent.

Today's proposal, which is subject to Congressional approval, would cover all companies. The administration will also name a "special master" to monitor compensation plans for companies receiving government assistance.

Continue reading Will the SEC get new powers on executive pay?

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