Wednesday, January 02, 2008

SEC Launches Executive Compensation Reader

On December 21st the SEC launched an Executive Compensation Reader, another tool for investors built on XBRL technology. The SEC has been doing a review of executive compensation disclosure this year and is using information from 500 large companies that have filed proxy statements with the Commission.
With the Executive Compensation Reader investors can quickly glimpse the total annual pay as well as dollar amounts for salary, bonus, stock, options and company perks. They can instantly compare those executive compensation figures with other companies by sorting according to industry or size (market cap or revenue). The new tool includes direct links to companies' proxy statements, including footnotes and the companies' explanation of their compensation decisions. Selected comparisons can be depicted in both table and graph form and data can be downloaded into Microsoft Excel. (Quoted from the Press Release)

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