We Just Petitioned The SEC To Require Disclosure Of Labor Costs


Publish Date:
June 15, 2022
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Last week, Colleen Honisberg of Stanford Law School and I filed a petition with the SEC asking for mandatory disclosures on how much labor costs are embedded in the six-line income statement. The petition was co-signed with ex- SEC leaders whose views on regulation are not necessarily convergent: Joe Grundfest of Stanford Law and Rob Jackson of NYU Law and John Coates of Harvard Law. We were fortunate enough to get support from a relatively wide range of scholars in accounting (Ethan Rouen and Dan Taylor), management (Gerry Davis) and law (Ralph Banks and Paul Brest).

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