7.28.2006

Chris Cox: Truth, Justice, and the American Way

Democrats may not care about corporate executives' greedy abuse of shareholders and the public, but conservative SEC Chairman (and former Republican Congressman) Chris Cox does:
Companies would have to provide more details of their executives' pay and perks under a plan being adopted by federal regulators.

And amid a widening scandal over suspect timing of stock option grants to company officials, the Securities and Exchange Commission also is writing new rules on disclosure of the dating of options.

The planned regulations amount to the biggest changes governing disclosure of executive compensation since 1992. For the first time, public companies will be required to furnish tables in annual filings showing the total yearly compensation for their chief executive officers, chief financial officers and the next three highest-paid executives.
When Cox was nominated to head the SEC, liberals whined that he would be too friendly to corporate crooks. They should have been looking in the mirror instead.

There's a new sheriff in town.

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