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A.J. Kess Quoted in Dow Jones Institutional News on the Reporting of Executive Pension Gains
03.26.15
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Corporate Partner A.J. Kess was quoted in a Dow Jones Institutional News article discussing the reporting of pension gains in proxy tables. As gains have increased executive pay, several companies have altered proxy tables with a column omitting pension gains altogether. This has stirred controversy over whether this practice risks complicating standardized disclosure. A.J. noted that the SEC wants to ensure that everything’s calculated exactly the same way so there isn’t a need to wade through obscure disclosures to figure out what they are.