Buzzword: Couric Clause

Marketplace Staff Jul 28, 2006

News about a newswoman brings us this week’s Marketplace Money buzzword: Couric Clause.

The Couric Clause was a proposed SEC rule. It would have forced companies to reveal the wages of their five highest-paid non-executives.

The Clause is named after news anchor Katie Couric, who may not run CBS, but is rumored to be paid as if she does, an estimated $15 million a year.

The clause was supposed to help investors decide if their money is well-spent. Detractors say the info is proprietary.

This week the SEC voted to revise the rule, so it applies only to employees who make policy decisions. Katie’s secret is safe.

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