Sunday, October 27, 2013

Sign Here to Disclose CEO Pay

How many times bigger than your minimum wage is the compensation showered on the Big Boss?  Here's your chance to force the motherfucker to tell the world.

David Atkins at Hullabaloo:

Where progressives find themselves unable politically to alter actual legal realities themselves, oftentimes the best substitute is increasing transparency on the realities that exist. Campaign finance is one such area, where in the absence of actual publicly funded campaigns and the ability to exclude big money from the process, the current rage is disclosure laws.

A similar tactic is being pursued for CEO pay:

We already know CEOs of major corporations took home 354 times more pay than the average rank-and-file U.S. worker in 2012. Now, we have the opportunity to see what CEOs make compared with the typical worker in their own companies.

A rule proposed by the U.S. Securities and Exchange Commission (SEC) would require companies to disclose the ratio of total compensation between CEOs and the pay of the typical worker. The SEC rule is part of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010. Major corporations like Walmart really don't like this, which is why we need your help.
The AFL-CIO has petition to implement the rule. Please go ahead and sign it. As long as Republicans hold the House these are the sorts of things we can do to make progress until such time as we can hopefully alter the balance of power in Washington.

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