Germany ups pressure for executive pay disclosure

By Dave Graham

BERLIN, Aug 2 (Reuters) - Germany raised the pressure on companies to disclose their top executives' earnings, threatening legislative action after a newspaper reported that many leading firms collectively vowed to keep pay levels secret.

Although Germany adopted a voluntary corporate governance code last year urging firms to provide more public information on individual managers' pay, Theodor Baums, head of the Corporate Governance Commission, said this ...