Exxon Official Pushes SEC to Limit Executive Pay Disclosures

A senior Exxon Mobil Corp. official on Thursday urged the SEC to allow companies to make “shorter, simpler” executive compensation disclosures to investors.

The push from Roland Schustereder, who advises the oil giant on compensation decisions as the company’s head of total rewards, came during an executive pay discussion at the Securities and Exchange Commission. The agency is looking to revamp rules that require companies to report pay for their CEOs, CFOs, and other top executives and make other compensation disclosures in their annual proxy statements to investors.

The Wall Street regulator has yet to say if or ...