Journal of Business & Technology Law Volume 2 | Issue 2 Article 6 Regulating Excessive Executive Compensation - Why Bother? Jerry W. Markham Follow this and additional works at: http://digitalcommons.law.umaryland.edu/jbtl Part of the Business Organizations Law Commons Recommended Citation Jerry W. Markham, Regulating Excessive Executive Compensation - Why Bother?, 2 J. Bus. & Tech. L. 277 (2007) Available at: http://digitalcommons.law.umaryland.edu/jbtl/vol2/iss2/6 This Article is brought to you for free and open access by the Academic Journals at DigitalCommons@UM Carey Law. It has been accepted for inclusion in Journal of Business & Technology Law by an authorized editor of DigitalCommons@UM Carey Law. For more information, please contact
[email protected]. JERRY W. MARKHAM* Regulating Excessive Executive Compensation- Why Bother? "The thing that differentiates animals and man is money." Gertrude Stein I. INTRODUCTION ............................................... 278 II. FIDUCIARY DUTIES AND FULL DISCLOSURE ....................... 279 A. The Robber Barons ........................................ 279 B. Fiduciary D uties ........................................... 280 C. SEC Full Disclosure ........................................ 284 III. TAX LAWS AND OPTIONS ....................................... 287 A. The Tax Laws ............................................. 287 B. Golden Parachutes ......................................... 291 C. Options ................................................... 293 D. Option Scandals ..........................................