Categories: OLD Media Moves

New SEC regs on exec comp won't help, says Toledo Blade editorial

Anytime a daily newspaper other than the Wall Street Journal bothers to write an editorial about a proposed Securities and Exchange Commission regulation, it’s time to stand up and notice. The Toledo Blade on Friday wrote an editorial criticizing the new SEC proposal requiring companies to disclose executive compensation perks.

The Blade editorial reads in part: “That’s the problem. In the post-Enron age, public ire has been raised over the looting of companies by avaricious CEOs but little of substance has been done to give shareholders a greater say in whether the businesses they ostensibly own are governed in their best interest. Simply divulging the true extent of lavish pay and perks won’t do much to limit them.”

However, it will make for better compensation stories for business journalists if we’re able to write about some of the things, like retirement packages, that companies have been able to hide in the past.

Recent Posts

Pacific Business News hires Meierdiercks as editor in chief

The Pacific Business News, an American City Business Journals publication, has hired Janis Magin Meierdiercks  as…

10 hours ago

Sifted reporter Nowshin departs

Sadia Nowshin, a reporter at European startup news site Sifted, is leaving to join literary…

10 hours ago

Variety promotes Shanfeld to TV reporter

Variety has promoted Ethan Shanfeld to TV reporter. William Earl of Variety writes, "Shanfeld joins the entertainment…

10 hours ago

Klimasinska named Bloomberg’s DC breaking news team leader

Kasia Klimasinska is the new team leader for DC breaking news at Bloomberg News. She…

12 hours ago

NYC event to honor Ledbetter is next week

  Paul Smalera has organized a gathering of James Ledbetter's friends and colleagues—open to all…

14 hours ago

CoStar hires Scheier to cover San Francisco market

Real estate news service CoStar News has hired Rachel Scheier to cover the San Francisco commercial market.…

14 hours ago