Make More Money: Your Lifetime Income Potential

While this may not matter to many of you, I find it fascinating, so I'm sharing the news. Companies are scrambling to comply with the new Securities and Exchange Commission (SEC) regulations that require companies to disclose executive perks that add up to $10,000 or more apiece, according to the weekend Wall Street Journal. The SEC put into effect new compensation reporting requirements for fiscal years ending after December 14. Under the old rules, the SEC required disclosure of perks valued at over $50,000.

Writers Erin White and Joann S. Lublin said that more and more companies are anticipated to curb, and even eliminate some executive perks, since Boards of Directors are sensitive currently to ongoing and public criticism of executive compensation. That country club membership, guaranteed severance package, and personal flights on the corporate jet, that may have gone unnoticed under the old reporting rules, will be painfully visible going forward.

Some companies attribute changes to the reporting rules as responsible for their cutbacks. Others attribute changes, such as not paying the taxes on a departing executive's severance package, to practicing good governance.

More About Compensation

• Make More Money: Your Lifetime Income Potential.
• Salary Calculators.
• Tips for Determining a Motivating Salary.
• Salary Trends for Forward Thinking Organizations.