Prince said in his testimony that much of the media's reporting on his pay was inaccurate, adding that Citi's Board of Directors uses a third-party consultant to advise the company on its executives' pay.
Mr Cameron also wants G8 and EU meetings to include country-by-country reporting of where companies pay their tax.
BBC: David Cameron seeking action on tax avoidance at EU summit
LLCs are tax reporting entities but the members pay tax on their share.
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Carney argued that the reporting had been skewed and that money to pay for the annual Easter Egg Roll was not paid out of the federal budget through tax dollars but from a combination of private donations and the sale of ceremonial eggs.
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At a time when the economy is in dire straits and many working Americans are struggling to put food on their table, food producers who now pay less for their commodities are reporting profit increases and their shares, while down like everybody else's, have outperformed most other sectors.
In one sensational case, wiretaps of a high profile public relations executive released last year, revealed that some top journalists were allegedly reporting as per a pre-arranged script though no pay-offs were ever proven.
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The key point is that the firms reporting these positive consequences are the firms that have chosen to pay this wage.
Regular self-reporting on how well cars hold up or how often planes leave on time would pay off.
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When you win merchandise or products rather than cash, reporting the fair market value of the items can force you to sell them to pay your tax.
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It was pouring gasoline on the fire for the Bush administration to give them the first payments without insisting on any changes in pay, any restrictions on the use of the funds or even any reporting requirements on where they money went.
The 650 eye surgeons in the program, who in the most recent reporting year performed 39, 200 operations in 37 countries, donate their time and even pay their own travel costs (usually tax-deductible).
It looks like Meraki's latest move may be having a few repercussions the company hadn't foreseen, with GigaOm now reporting that a number of customers are feeling irked that some folks will now have to pay a premium price for the once bargain-priced mesh networking gear.
ENGADGET: Meraki price hikes leave some customers disillusioned
Getting a good-paying job or a pay raise comes next, with 34 percent in Ohio and 39 percent in Florida reporting it as a serious problem.
Until better disclosure is provided, even consistent pay definitions will lead to different analytical results across companies due to weaknesses in the reporting of executive compensation data.
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Despite reporting its first net loss for seven quarters, LG Electronics says it has no plans to reduce pay, reshuffle managers or cut jobs.
Those who pay close attention to the sustainability space may be wondering right about now about the Global Reporting Initiative, which also uses a universal metric.
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More specifically, Bloomberg is reporting that Amazon is exploring a mobile payment service based on NFC technology, which would let you pay for items and receive things like loyalty points using nothing other than an NFC-equipped cellphone.
ENGADGET: Amazon said to be considering NFC-based mobile payment service
While reporting second quarter earnings last week, Viacom disclosed what was obvious to the rest of the industry: the pay TV channel remained a money-losing venture for the studios involved.
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