Tuesday, February 17, 2009
Life Insurers Enjoy Relaxed Disclosure Rules
In New York, a 1906 Anticorruption Law Requiring Names, Salaries of Many Employees Is Overturned
Amid heightened scrutiny of financial-services pay, New York legislators have removed thousands of insurance employees from under a spotlight.
An amended state law that went into effect last summer has modified what was one of the most demanding -- and some say excessive -- compensation-disclosure measures in the nation. The law, enacted in 1906 and updated over the years for inflation, had required companies to disclose the names of employees who earned more than $60,000 annually...
WSJ: Life Insurers Enjoy Relaxed Disclosure Rules (Subscription required)
Amid heightened scrutiny of financial-services pay, New York legislators have removed thousands of insurance employees from under a spotlight.
An amended state law that went into effect last summer has modified what was one of the most demanding -- and some say excessive -- compensation-disclosure measures in the nation. The law, enacted in 1906 and updated over the years for inflation, had required companies to disclose the names of employees who earned more than $60,000 annually...
WSJ: Life Insurers Enjoy Relaxed Disclosure Rules (Subscription required)
Permalink posted by markw @ 7:52 AM 
 |
 |  |
  |
