Financial Week lists seven people who are “most likely to have an impact on compensation policies this year” in its Jan. 15 issue and names New York Times reporter Gretchen Morgenson as one of those.
Reporter Jeff Nash wrote, “To be sure, there are way more than seven members of the payparazzi posse, but the ones profiled here could have the biggest influence on compensation policies this year.
As for Morgenson, a Pulitzer Prize winner, Nash wrote, “Where would the compensation issue be without Gretchen Morgenson, the New York Times reporter who has been hammering away at the issue for the past two years?
“Ms. Morgenson, however, takes exception to the notion that she’s leading a wave of reform: ‘As a reporter, I’m just observing and commenting.’
“But she has certainly struck a nerve. Her coverage of compensation was famously called ‘absolutely loony’ by Barry Diller, CEO of Internet media conglomerate IAC/InterActiveCorp. Mr. Diller was the highest-paid CEO in 2005 with a $295 mnillion package.
“Ms. Morgenson doesn’t think legislation is the answer, and could do more harm than good.”
Later, Nash quoted Morgenson as saying: “This proxy season we’re going to see a lot more information. Reporters are going to be working overtime.”
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