Chris Cox Finally Speaks The Truth!
For more than a decade, I've slammed Christopher Cox, the current chairman of the Securities and Exchange Commission (SEC), for a long list of political misdemeanors.
Cox has a shameful record of representing the financial interests of the elites, but if Jeremy Grant with FT.com is right, the ex-Newport Beach congressman is finally showing a hint of populism.
According to Grant, Cox recently said that shareholders "should not need a machete and a pith helmet to go hunting for what the CEO makes."
It took years, but we've finally got a great quote from Cox.
The SEC is trying to pierce corporate America dishonesty about CEO pay and perks. In some cases, publicly-traded companies have hidden pay of $200 million or more in a single year to one executive.