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CEO-to-Worker Pay-Ratio Disclosure Proposed by Divided SEC

A divided U.S. Securities and Exchange Commission proposed that public companies disclose how much more their chief executives earn than rank-and-file workers.

SEC commissioners voted 3 to 2 at a meeting in Washington today to seek comment on a requirement vilified by the agency’s two Republican members, who called it a political sop for left-leaning interest groups. The disclosure rule, championed by unions and some congressional Democrats, is mandated under the 2010 Dodd-Frank law.