Reportedly, Meta CEO Mark Zuckerberg has attempted to lure top talent from leading artificial intelligence companies by offering pay packages worth more than $100 million to work on his new “superintelligence” lab.
That may sound like a lot, but according to Securities and Exchange Commission Chair Paul S. Atkins, the rules for disclosing such compensation packages are also excessive and could use a good bit of refinement.
With Atkins at the helm, the SEC has once again turned its attention to streamlining executive compensation disclosure rules. For example, the agency hosted a roundtable on June 26 to discuss potential changes to the requirements, which Atkins called a “Frankenstein patchwork” that has grown in size and complexity over the last 90 years.
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