Christopher Cox Surprises with Disclosure Expectations

Pundits expecting the new SEC chairman to cozy up to big business have been surprised as he levied tough penalties on corporate wrongdoers and resisted efforts to water down reforms in hedge funds, mutual funds and stock options. Additonally, Cox has won points within the SEC for his efforts to achieve consensus. Another surprise is in store, one year from now, large publicly-traded corporations will be required to report in understandable form all compensation (cash and otherwise) paid to top executives. A possible sticking point--how will retirement and severance packages be calculated?