March 6, 2017
The SEC has long 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. To further delay or reverse progress on that rule now is unacceptable.
This information helps shareholders guard against greedy executives and evaluate the long-term soundness of companies. Excessive compensation at the top encourages excessively risky practices, inhibits teamwork, and reduces employee morale and productivity.
There is no valid excuse for allowing public corporations to remain secretive about their pay practices. Implement the requirement now.