Exec perks subject of SEC proposal

 - September 25, 2006, 6:17 AM

More detailed reporting of top executive compensation, including such perquisites as personal use of corporate aircraft, is the aim of new proposals from the Securities and Exchange Commission (SEC). One of the proposals would lower the threshold at which perks must be disclosed. Companies currently must reveal perks if the total aggregate value is more than $50,000, or 10 percent of total annual salary and bonus. The proposal lowers the threshold to $10,000. The Wall Street Journal called the SEC’s proposals the “most sweeping overhaul of pay-disclosure rules in 14 years.”

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