BizSugar.com › Legal › Why Too Much Disclosure Can Be Detrimental

One consequence of too much disclosure, according to the study's authors, Benjamin Hermalin at the University of California, Berkeley, and Michael Weisbach of Ohio State University, is the rapid increase in executive pay over the last two decades -- ostensibly because the new transparency has allowed busiess leaders to see what their peers earn, prompting them to demand raises for themselves.