And, somewhat later in the day comes this report, again courtesy of the NYT, about the compensation practices at another US corporate giant. This time it is about the amounts paid to Jack Welch, the former CEO of GE whose name (and claim to fame) has also come up in our class conversations. Note the range of opinions both about the requirement for disclosure, ranging from "what is legally required" to "what is desired" by some interested party.
A couple of news articles on topics we talked about in class. First a story on General Electric's financial reporting. Second, has the loss of consulting business really hurt accounting firms' profits? Read a recent Washington Post article.