Executive Pay Reform
Evolution of the Policy Debate
Publicly traded corporations — those required to file financial statements with the Securities and Exchange Commission (SEC) — must in their annual proxy statements disclose the total compensation of the five highest-paid executives. These data, as compiled by various publications, consultants, and information vendors, comprise the basis for all public statistics on executive compensation. Other than the top five individuals, corporations generally provide no information about management pay. CEO Pay and Corporate Performance Most accounts of executive compensation are not based on comprehensive statistics, but on samples. For example, Business Week for many years published tables of CEO pay at…
