"'Consultants who recommend pay packages for the nation's top executives have 'pervasive' conflicts of interest that appear to be inflating executive compensation, says a Congressional study. ... The study found that median CEO pay in 2006 was 67% higher at companies whose consultants had the largest potential conflicts from other business", WSJ, 7 December.
Why should compensation consultants have fewer conflicts than investment bankers or CPAs? Will this study result in as many improvements in compensation consultants work as the 1976 1760-page congressional study of the then Big Eight CPA firms, the "Metcalf Report"? See my 6 October post.
Why should compensation consultants have fewer conflicts than investment bankers or CPAs? Will this study result in as many improvements in compensation consultants work as the 1976 1760-page congressional study of the then Big Eight CPA firms, the "Metcalf Report"? See my 6 October post.
1 comment:
Why does this not surprise me at all?
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