Appeared on July 6, 2007
The new regulations entered on the heels of the Sarbanes-Oxley Act, and experts consider them the most significant change in executive compensation disclosure since the early 1990s. "I think people have become more sensitive to all these issues since the Enron and WorldCom scandals," said Eliezer Fich, an assistant professor of finance at the LeBow College of Business at Drexel University. "On TV, you saw lavish parties thrown by these CEOs who flew their entire families and a lot of other people, and they had these great parties with ice sculptures, etc., etc. Shareholders were footing the bill."