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Complaints from air travellers may be soaring since strengthened EU rules on compensation last year.
It's debatable whether the strike, common among air traffic controllers, would count as an "extraordinary circumstance" under EU rules on compensation payouts.
The S.E.C. has proposed changes to rules on compensation disclosure, and the public comment period on those changes ended earlier this month.
FINANCIAL TIMES International Regulator to Focus on Bank Pay | The Financial Stability Board, a global regulator, said it would investigate any allegations by bankers that rivals in other countries were violating international rules on compensation, The Financial Times reports.
The Treasury said last week that Mr. Walker's review would be the starting point for new rules on compensation and reiterated that "the culture in boardrooms" would have to change with compensation practices.
Wheat farmers who have been earning dollars, for example, are reported to be holding back their crop for fear that the government is going to change the rules on compensation for exporters.
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This resulted in substantive new reforms recently put in place by the self-regulatory organizations that tighten rules on analysts' compensation, ownership and disclosure.
As part of the new rules on executive compensation now out for consultation, companies should have to disclose exactly who has been granted what and why as soon as the award is made.
Once its stock is publicly traded, an emerging growth company would be exempted from disclosure and shareholder approval rules on executive compensation passed as part of Dodd-Frank and auditing standards imposed by the Sarbanes-Oxley Act.
Shortly after our story appeared the National Association of Securities Dealers ruled that the Wells organization violated rules on noncash compensation by dishing up lavish meals, entertainment and other perquisites to brokers who sell the 7%-yielding shares of Wells REIT.
The Wall Street Journal reports that the Federal Reserve is in the early stages of considering new rules on deferred compensation -- a practice increasingly used on Wall Street that allows banks not to disclose how much they're paying their workers by giving them their money over a longer period of time.
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