US companies will have to disclose ratio
of CEO pay to that of workers
Securities and Exchange Commission rule's
champions say it will help shareholders identify whether bosses are paid too
much
Reuters
The Guardian, Wednesday 18 September 2013
16.23 EDT
American companies will have to disclose
how their chief executive's paycheck compares with that of their average worker
under a proposal unveiled on Wednesday by the Securities and Exchange Commission, a key
US
regulator.
Securities and Exchange
Commission
Paul V. Gerlach
was an associate director, enforcement for the U.S. Securities and Exchange Commission,
and is a partner at Sidley Austin
LLP.
Note: Michelle Obama was
a lawyer at Sidley Austin
LLP.
Barack Obama was an
intern at Sidley Austin
LLP.
R. Eden Martin is
counsel at Sidley Austin LLP, and
the president of the Commercial Club of
Chicago.
James S. Crown is a
member of the Commercial Club of
Chicago, and a trustee at the Aspen Institute (think
tank).
Lester Crown is a
member of the Commercial Club of
Chicago, and was a lifetime trustee at the Aspen Institute (think
tank).
William H.
Donaldson was a lifetime trustee at the Aspen Institute (think tank), the chairman
for the U.S. Securities and Exchange
Commission, is a trustee at the Committee for Economic Development, and a
trustee at the Carnegie Endowment for
International Peace (think tank).
Harold M.
Williams is a trustee at the Committee
for Economic Development, and was a chairman for the U.S. Securities and Exchange
Commission.
Roderick M.
Hills was a chairman for the U.S.
Securities and Exchange Commission, is a trustee at the Committee for Economic Development, and
married to Carla A.
Hills.
Foundation
to Promote Open Society was a funder for the Aspen Institute (think tank), the Committee for Economic Development, the
Carnegie Endowment for International Peace
(think tank), Urban Institute
(think tank), the New America
Foundation, and the NPR.
George Soros is the
chairman for the Foundation to Promote Open
Society, a board member for the International Crisis Group, and was a
benefactor for the NPR.
Carla A. Hills is
married to Roderick M. Hills, a
board member for the International Crisis
Group, and a life trustee at the Urban Institute (think
tank).
Annette L.
Nazareth was a trustee at the Urban
Institute (think tank), and was a commissioner for the U.S. Securities and Exchange
Commission.
Roger W. Ferguson
Jr. is married to Annette L.
Nazareth, a co-chairman for the Committee for Economic Development, was a
trustee at the Carnegie Endowment for
International Peace (think tank), and a director at the New America
Foundation.
Paul G. Haaga
Jr. is a director at the NPR,
and was a senior attorney for the U.S.
Securities and Exchange Commission.
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