Clinton Says ‘No Excuse’ Dodd-Frank Pay Rules Not Out Yet

Democratic presidential candidate Hillary Clinton says there’s “no excuse for taking five years” to issue Dodd-Frank pay-ratio disclosure regulations.

  • 2010 law requires public disclosure of ratio between CEO pay and earnings of ordinary workers
  • Employees have “right to know” information, Clinton says in speech at New York University in which she decries a corporate culture focused too much on short-term profit over long-term investment
  • 30 yrs ago, CEOs earned 50 times what typical worker took home; today it is 300 times more, she says
    • “That just doesn’t make sense”
  • “Something wrong” when CEOs get rich, workers “struggle”
  • Good for country if all workers are compensated, not just top executives, when company profit increases
  • NOTE: Earlier this month, AFL-CIO, Public Citizen and other advocacy groups presented SEC with petitions calling for agency to issue CEO-to-worker pay ratio disclosure rules; SEC Chair Mary Jo White has said rule will be adopted by fall
  • NOTE: Sen. Mike Rounds, R-S.D., has introduced legislation,S. 1722, that would repeal requirement
Earlier: Clinton: ‘Quarterly Capitalism’ Throws System ‘Out of Balance’

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