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One of my favorite blogs, Footnoted.org, gives five gold stars to Micros Systems (MCRS):

For one, there’s the disclosure that the company doesn’t believe in perks for the top executives. That means no personal use of the corporate jet, no luxury apartments, no executive health plan, no private school tuition, etc…Instead a footnote to the proxy notes that the only perk executives receive are the same health insurance benefits that all employees get.

But what really makes Micros stand out is that they make it very easy for individual investors to see how much the executive’s options are really worth. Because they offer no perks, the amount of money listed under “other annual compensation” in the summary comp table is the value of the options exercised in the past year. Most companies make investors work for this information by forcing them to read multiple charts and the accompanying footnotes.

Micros reports earnings on Thursday.

Posted by edelfenbein at October 24, 2005 8:30 AM