Will the Government Legislate Executive Pay? - - CFO.com:
If business leaders don't wake up, says the PCAOB chairman, ''I predict that there will be legislation.''
Stephen Taub, CFO.com
March 01, 2004
The chairman of the Public Company Accounting Oversight Board warned that the U.S. government could intervene to control executive compensation if company managers do not, according to Reuters.
'If the anger of the American people continues and business leaders do not wake up soon, I predict that there will be legislation,' William McDonough reportedly told a gathering last week at the Economic Club of Chicago.
McDonough said a company's compensation committee should review the appropriate level of CEO pay "