March 17, 2017
“Unanticipated compliance difficulties” my eye. Pay ratio disclosure would expose CEO greed and foster worker discontent – that’s the difficulty.
The SEC should lead by example. Instead, it’s trying to avoid implementation of the rule and is closing its eyes to a growing national trend. Last year, the city of Portland, Oregon voted to apply a higher tax rate to corporations that pay their CEOs more than 100 times what they pay their median worker. Since then, legislators in Illinois, Rhode Island, Massachusetts, Minnesota, Connecticut and San Francisco have proposed similar legislation.
During his campaign, Donald Trump himself denounced outrageous CEO pay. It would be the height of hypocrisy for his administration to undermine CEO pay transparency.
We’re watching and waiting for the SEC to do the right thing.
Sincerely,
Janis Adler
Portland, OR