If the SEC had such a positive message to convey, why did it pick such an obscure time to convey it? The Office of Management and Budget didn't supply the required approval of the amendment until the afternoon of Friday, December 22, and the SEC did not want to "bury" the announcement by waiting to issue the release in the week between Christmas and New Year's Day to make it, according to Nester. "This is a rule, there is no burying it," he said. "It would make no sense to try to hide a rule, because you want issuers to be able to comply with it and the public to be able to benefit from it."
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Inside this Report
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Feature Articles
- A Call for Tougher SEC Action on Comp
- The Storm over a Corporate Pay Study
MORE STORIES ABOUT EXECUTIVE PAY
- What's in Your Wallet?
- SEC Issues Alert on Stock Options
- House Committee Probes Comp Consultants
- Bar Rises for Change-in-Control Benefits
- Material Weakness: A Pain in the Bonus
- Torre's Pay Offer Is a Hit with CFOs
- CEOs Don't Earn Their Pay, Execs Agree
- SEC: Less Talk, More Analysis on Pay
- Making Less Money, and Loving It
- House Votes Yea to "Say on Pay"
- Critics: "Say on Pay" Spurs Brain Drain
- Don't Blame Governance for High Exec Pay
- Executive Pay Bonanza: Well-deserved?
- Exec Comp: The SEC's Side of the Story
- Pay Daze: Linking Pay to Performance
- The 2006 CFO Compensation Survey
- A Farewell to Perks?
MORE RECOMMENDED READING ABOUT EMPLOYEE PAY
- Battle Lines Drawn on Executive Pay
- IRS Chief: CFO Pay Should Be Fixed
- Study: Director Pay Hikes Slowing Down
- Directors Say Exec Pay Hurts Image
- Executive Pay Prognosis: Marginal Change
- Survey: Comp Rules No Big Deal
- When Turnover Turns Toxic
- Managing Incentive Comp with Software
- Redesigning Pay for Top Performers
Backdating Blues
- When Is Backdating a Crime?
- Officers Who Conceal Backdating, Beware
- Backdating Blamed on 1993 Tax Rule
- Novellus Investors Drop Backdating Suit
- Will Backdating Rein In M&A?
- Enforcement on Backdating Cools Off
- Banks Dodge Backdating Bullet
- Brocade's Reyes Guilty of Backdating
- First Prison Term in Backdating Scandal
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Reader CommentsDisplaying 2 of 2
Roland Cycan
Jan 11, 2007 9:37 AM ET
Work
Work for us for 4 years, and we will give you $10 million in options. Work for us for 3 years and 11 months and we … more
David Newman
Jan 10, 2007 9:35 PM ET
Matching of Revenues Generated and Expenses Incurred
The SEC requirement of option compensation expense recognition over the vesting period of the option is more logical … more
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