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According to Bloomberg the CEO to worker pay ratio in the 1950's was 20 to 1. In the 80's it was about 42 to 1; by the turn of the century it had jumped to 120 to 1. According to current information there are 9 CEO's making 800 times the money as their average worker. This is part of the wage/wealth gap problem we have. This is not a healthy situation.
The Securities and Exchange Commission Wednesday narrowly approved a new rule requiring publicly traded U.S firms to disclose the gap between CEOs' annual compensation and the median compensation of other employees.
Handing a defeat to business opponents of the change, the 3-2 vote by the SEC's five commissioners capped a multi-year battle over the so-called "pay ratio" disclosure required by the Dodd-Frank Wall Street Reform and Consumer Protection Act enacted after the national financial crisis.
The outcome came after more than 287,000 comment letters and related meetings as business and other groups called the rule unnecessary and said it would be expensive and difficult to implement, while supporters contended it would help investors make more informed evaluations of corporate governance and so-called say-on-pay initiatives.
http://www.usatoday.com/story/money/2015/08/05/sec-pay-ratio-disclosure-vote/31112725/
The Securities and Exchange Commission Wednesday narrowly approved a new rule requiring publicly traded U.S firms to disclose the gap between CEOs' annual compensation and the median compensation of other employees.
Handing a defeat to business opponents of the change, the 3-2 vote by the SEC's five commissioners capped a multi-year battle over the so-called "pay ratio" disclosure required by the Dodd-Frank Wall Street Reform and Consumer Protection Act enacted after the national financial crisis.
The outcome came after more than 287,000 comment letters and related meetings as business and other groups called the rule unnecessary and said it would be expensive and difficult to implement, while supporters contended it would help investors make more informed evaluations of corporate governance and so-called say-on-pay initiatives.
http://www.usatoday.com/story/money/2015/08/05/sec-pay-ratio-disclosure-vote/31112725/
