Prior to a SEC overhaul of proxy disclosures of executive compensation, [] [] the packages were unique to executives because unlike salary, bonuses, and stock options, they had the advantage of not being required to be disclosed to the public in annual filings, indicating the dollar value of compensation of the CEO and the four other most highly paid executives. The majority of his compensation came from a performance grant tied to goals spanning several years, according to a company spokesperson. In , an attempt to require corporations to estimate the likely costs of the option by the private sector Financial Accounting Standards Board FASB was quashed when corporate managers and executive mobilized, threatening and cajoling the head of the FASB to kill the proposal, even inducing the US Senate to pass a resolution «expressing its disapproval. Sign Out Sign In Register. Shareholder resolutions are also advisory not compulsory, for corporate boards, which commonly decline to implem...