February 28, 2017
The SEC has delayed the Dodd-Frank law’s requirement that public companies disclose the ratio of their CEO’s pay to the pay of their median worker too damn long already. It is
unacceptable to further delay or reverse progress on that rule now. And by "unacceptable" I mean CAREER ENDER.
Americans need and deserve more information about corporate pay practices. Such data helps shareholders guard their pocketbooks against self-seeking executives and it helps us all evaluate the long-term soundness of companies. Excessive compensation at the top encourages risky practices up and down the line—in addition to inhibiting teamwork and reducing employee morale and productivity.
There is no damn excuse to give big corporations a pass about being transparent about their pay practices.