The House of Representatives Oversight and Government reform Committee announced that it requested more information about how executive compensation consultants are utilized in executive pay determinations. The letter reporedly asks a series of questions about the compensation consulting process - particularly, if the company has used a consultant and (if so) if they also perform other services. The House has been looking into executive compensation for some time now after Chairman Henry Waxman commented that CEOs earn over 600 times more than the average company employee while 10% of a company's profits go to pay their salaries - something needs to be changed! Meanwhile, the SEC remains unhappy with the results of its latest requirements as very few companies managed to pass muster. It will be interesting to see how these two governing bodies act to control the problem.