"Or they could provide too much information and give employees what look like proxy statements."
The company's proxy statements say his compensation rose 10 percent over 2002.
Lehman's latest proxy statement shows that it has not really changed its ways.
Read any recent proxy statement and you will see how a company is responding to the requirements.
Every year, just about now, shareholders begin receiving proxy statements.
Public companies are required to send out proxy statements before their annual meetings.
The final amount was not disclosed until the last proxy statement.
The proxy statements indicate that all told the board members made more than $6 million in profits.
In 2010, according to the companies' proxy statements, he was paid $927,318 to serve on these boards.
He also held options valued at more than $11 million, according to the proxy statement.