Details matter

“New Math: Firms Repair CEO Pay Flubs,” The Wall Street Journal, May 31, 2018 B4. Lots of mistakes being made in disclosure about how much money the CEO really makes.

Curious as to why all the mistakes are reports that are too low rather than too high?  Except for Warren Buffett, who gets paid $100,000 a year, but also gets ~$400,000 in security services at his home, where he works a lot.

What does it say when the even the company doesn’t know what the CEO gets paid?  Isn’t this information that they should manage a bit better?

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Filed under Accuracy, Communications, Compliance (General), Controls, Corporation, Data quality, Duty, Governance, Internal controls, Oversight, To report

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