Excerpt from New York Times Article:
S.E.C. Changes Reporting Rule on Bosses’ Pay
The Securities and Exchange Commission, in a move announced late on the last business day before Christmas, reversed a decision it had made in July and adopted a rule that would allow many companies to report significantly lower total compensation for top executives.
A snippet from later in the article:
The commission adopted the new rule in an unusual way, making it take effect immediately even though the commission had not announced that it was considering a change and had not sought public comment.
An S.E.C. spokesman pointed to two other rules adopted that way in recent years. Both were intended to comply with new federal laws that were about to take effect.
Take what they have done ,for whom they have done it, along with how it was done and we have grounds to dismiss.