Executive Compensation and Benefits Memo Changes to $1 Million Limit Coverage
9 February 2007
Mayer Brown Newsletter
9 February 2007 - The new SEC executive compensation disclosure rules have introduced uncertainty as to which corporate officers' compensation is subject to the $1 million limit on tax deductible compensation. Legislation pending in Congress would address this uncertainty, and would also expand the group of officers covered by the limit. This memorandum briefly discusses these changes.