The Securities and Exchange Commission (SEC) has launched a new online tool that enables instant comparisons of what 500 of the largest public U.S. companies are paying their top executives.
By tagging the executive compensation figures in SBRL, the computer language of interactive data, the SEC has created a new online tool to help investors more efficiently view Summary Compensation Tables and certain other data in the proxy statements of large companies. 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.
While the tool appears to be designed with investors in mind, it also holds promise for those charged with analyzing and developing executive compensation programs and policies - especially to the extent that the SEC expands the database beyond this initial set of 500 very large organizations. Here's hoping.
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