Congress took matters into its own hands in 1976 and revised Section 6103 of the Tax Code, eliminating Executive discretion.

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But the more discretion the committee has over executive compensation, the more explaining it needs to do.

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Its executive director, Scott Burns, said prosecutors should have the discretion to require registration or not on a case-by-case basis.

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Rules on executive pay are, in so far as there are any, there to strengthen the discretion of owners on how much and how they pay their employees.

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"Citigroup lost their say-on-pay vote because there was too much discretion in the way compensation was awarded, " said Robin Ferracone, founder and chief executive of Farient Advisors, an executive-compensation consulting firm based in Los Angeles.

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