April 10, 2006

Hollywood often bashes the capitalist pigs who run giant corporations. So you'd think the moviemakers would be lining up in favor the SEC's proposal to require more disclosure of how much the pigs are being paid. But, as discussed in this WSJ article, there's a catch: the proposal would require disclosure of compensation of high-paid non-executive employees – like movie stars, directors, and producers. No names – but the culprits will be obvious. I discuss here whether the SEC should distinguish the stars from the executives.