It’s not often that the worlds of professional sports and equity compensation intersect. True, I have a Google alert set up for “stock options” that sometimes returns articles about how the stock of football players impacts their career options (as in “Joe Schmo played really well in the last game; his stock is really rising”), but that’s not what I’m referring to. I’m talking about domestic mobility. While we are struggling with how compensation is taxed when employees travel from one state to another, this is an issue that professional sports has been dealing with for a long time now.
It has been a common complaint with SEC filers that they don’t see the value in XBRL submissions. There has even been proposed legislation to reduce the requirements for XBRL filings. The distaste towards interactive data is most likely an aversion to change – frustration with the mandate taking time out of their reporting process coupled with the fact that XBRL provides streamlined transparency into disclosures. However, as the data continues to standardize we continue to see new uses for machine readable financials.