real-time news and commentary for investors
Thursday, Aug 22
SEC to soon decide how to implement CEO pay rule
- The SEC is set to propose next month how it plans to implement a Dodd-Frank requirement that companies disclose the pay gap between CEO and regular staff.
- Corporations are against the rule, with critics saying that it would be expensive and unnecessary, particularly for multi-nationals with operations all over the world.
- Even Barny Frank concedes that the Dodd-Frank payment requirements of his law were "imprecisely worded."