Toward reasonable executive compensation: outcry for reform and regulatory response
Article Abstract:
The problem of excessive executive compensation may be adequately addressed by recent federal regulatory changes, making additional judicial action unnecessary. In response to public outcry concerning overcompensation of executives, the new regulatory scheme adopted by the Securities and Exchange Commission on Oct 15, 1992, includes more detailed disclosure requirements that should affect decision-making on executive compensation without changing the current system of corporate governance. Therefore, courts should continue to follow a hands-off policy in accord with the business judgment rule.
Publication Name: Annual Survey of American Law
Subject: Law
ISSN: 0066-4413
Year: 1994
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Four probes endanger the executive branch
Article Abstract:
The current independent counsel law does more harm than good and lends itself to overly political use without rational oversight or limits. The former system of special prosecutors worked better. The power, freedom, and attention of the independent counsel's position can cause dissociation from normal standards, making it more difficult to tell right from wrong. It also encourages an enormous waste of time, money, and other resources. It threatens, rather than bolsters, the stability of the executive branch.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1995
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The SEC Plays Hide and Seek with Executive Pay
Article Abstract:
The Securities and Exchange Commission (SEC) has changed the regulations for the method top executives must use in reporting compensation. New changes include: the need for reporting only executive officers and directors, perquisites less than $25,000 or ten per cent of cash pay will be ignored, and non cash renumeration, such as stock options, need not be numerically listed. These changes in regulations are analyzed and determined to benefit the executives and not shareholders.
Publication Name: Business and Society Review
Subject: Law
ISSN: 0045-3609
Year: 1984
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