Skip to main content

SEC Proposes New Rule That Would Make Companies Disclose The Fact That CEO's Make More In An Hour Than Rank And File Employees Make In 7 Lifetimes

  • Author:
  • Updated:

U.S. regulators proposed new rules Wednesday that would require public companies to disclose the pay gap between chief executives and rank-and-file employees, a controversial requirement that thrusts executive compensation into the spotlight. A divided Securities and Exchange Commission voted 3-to-2 to float a less onerous measure than what the SEC was ordered to adopt in the 2010 Dodd-Frank financial law, giving companies flexibility in how they calculate the ratio to cut back on its expected costs. [WSJ]