The first year of
employer disclosures made under the new U.S. Securities Exchange Commission
disclosure rules for executive compensation reveals an approximate threefold
increase in the value of executive perks. Under the new rules, employers must
disclose perks totaling $10,000 or more; previously, the disclosure threshold
was $50,000. This causes concern for executives as many companies feel pressed
to reevaluate their perks programs. An analysis of 250 large companies revealed
that the average amount spent on “all other compensation,” or perks, for
executives rose to $2.32 million in 2006, up from $985,900 in 2005, which may
have been unusually high because a few companies gave out extravagant amounts.
Join us this fall in San Francisco for the California Employment Law Update conference, a 3-day event that will teach you everything you need to know about new laws and regulations, and your compliance obligations, for the year ahead—it’s one-stop shopping at its best.