STOCK MARKET WATCH -- Monday, 8 December 2014

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2. SEC Caves -- Postpones Finalizing Rule to Disclose the Ratio of CEO-to-worker pay

http://www.aflcio.org/Blog/Political-Action-Legislation/SEC-Caves-in-to-Pressure-and-Postpones-Finalizing-Rule-Requiring-Companies-to-Disclose-the-Ratio-of-CEO-to-Worker-Pay

The U.S. Securities and Exchange Commission (SEC) has caved in to pressure from business groups and Republican lawmakers to postpone requiring companies to disclose the pay gap between their top executive and their median employee.

The SEC decided to postpone implementing the requirement despite receiving more than 128,000 comments from investors on its proposal—the vast majority of them supporting it.

The requirement for companies to disclose the CEO-to-worker pay ratio is part of the Dodd–Frank Wall Street Reform and Consumer Protection Act that President Barack Obama signed into law in July 2010.
....
The SEC’s postponement of the final rule on the pay ratio means companies will not have to disclose the CEO-to-worker pay gap until their 2017 proxy statements at the very earliest—nearly seven years after the enactment of the law.