Warren Victory: Companies Must Now Disclose How Much More Their CEOs Make Than Their Average Worker
The Securities and Exchange Commission on Wednesday approved a rule requiring companies to release key executive compensation information.
The CEO pay rule comes more than five years after Congress ordered the agency to write it under the 2010 Dodd-Frank Wall Street reform law. Companies will now have to disclose the ratio of CEO pay to the compensation of a typical employee — defined as the median pay level of all workers at the firm.
Supporters of the rule hope it will help pressure companies to improve… Read more…