HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » This is in the Dodd-Frank...

Thu Nov 15, 2012, 07:18 PM

This is in the Dodd-Frank act that is not being implimented. Please sign to get this going

http://act.aflcio.org/c/18/p/dia/action3/common/public/?action_KEY=4198

Apparently it is written in the law. Why isn't it being followed??? Here is a copy of the letter that is being sent to the securities and exchange commission

rule-comments@sec.gov - To send more emails.

And if you go to the link you can sign the petition. But this is the first time I am hearing of this. Admittedly I don't follow all the bills passed and what is in them but this is big. If the average person knew how much the CEO'S were skimming off of the top of the till they would be up in arms. I think they just don't know.


"I urge you to promptly issue a rule requiring public companies to disclose their ratio of CEO-to-worker compensation, as required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. This pay ratio disclosure requirement will help boards of directors and investors evaluate the overall level of CEO compensation relative to other company employees.

The ratio of CEO-to-worker pay is material information for investors for many reasons. Academic studies show that large pay disparities within a company can hurt employee teamwork, productivity, loyalty and motivation. The impact of high levels of CEO pay on employee morale is particularly important in today’s weak economy, when workers are being asked to do more for less."

Sincerely,

2 replies, 454 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 2 replies Author Time Post
Reply This is in the Dodd-Frank act that is not being implimented. Please sign to get this going (Original post)
Maraya1969 Nov 2012 OP
jpbollma Nov 2012 #1
Maraya1969 Nov 2012 #2

Response to Maraya1969 (Original post)

Thu Nov 15, 2012, 07:53 PM

1. this would be a fantastic provision

to implement. I hope they get on the ball with this. I bet Senator Warren and Senator Sanders would push for this provision to be enforced.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to jpbollma (Reply #1)

Thu Nov 15, 2012, 08:14 PM

2. I just sent another letter to the SEC and asked them why it hasn't been enforce yet.

It seems to me that if the bill has passed then it is now law and it should be implemented right?

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread