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The AAO Weblog covers accounting issues and current events as they relate the practice of investment analysis. All posts prior to September, 2007 are in the public domain, but after September 4, 2007, only subscribers to The Analyst's Accounting Observer will see all posts going forward. Only selected, occasional posts will be released to the public domain from September 4 forward.

Exec Comp Disclosures Approved
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Posted by: Jack Ciesielski 7/27/2006 6:28 AM
Yes, the SEC did drop the "Katie Couric clause" from their new executive comp disclosures. That may not be the end of it: it might be re-proposed for only large accelerated filers to disclose about their three most highly compensated employees, whether they're executives or not, if their total pay exceeds any of the named executive officers. For a good read on what the Commission considered in their deliberations, check the opening remarks of Daniel Greenspan, Special Counsel of the Division of Corporation Finance. Here's a link to Chairman Cox's introductory comments (Notable: the Commission received 20,000 comments on the proposal!). Finally, a link to the SEC's press release summarizing the new disclosures - and if you'd like to simply see the shape of (some of the) disclosures to come, here's a link to a sample executive comp disclosure table.
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