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Compensation Resources, Inc.
Executive Perks Under Fire
April 12th, 2009
Today's New York Times contains an article on executive perks entitled, "As Banks Flounder, the Perks Play On".(1) To the heart of the matter in this article is the issue of companies continuing to pay executive perks, long after the executive has served at the company. The list of perks is long and, quite frankly, is only limited by the imagination and collective conscience of the executive who asks and the Board who approves such perks. Though the Securities and Exchange Commission (SEC) requires companies to disclose this information for the top five current executives, actually finding this information can be difficult. Corporate governance watchdogs argue that a...
Source: Pharma Investments, Ventures & Law Weekly (2009-04-12)
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