New York Times (May 2)
2012/ 05/ 05 by jd in Global News
“Nearly two years after the passage of Dodd Frank, say-on-pay is slowly emboldening investors to question executive pay, most prominently this year at Citigroup, where shareholders recently rejected a $15 million pay package for the bank’s chief executive, Vikram Pandit.” But another Dodd Frank provision has yet to be introduced. The pay-gap provision would require companies to report CEO compensation as a ratio of the company’s median pay. “The delay is disturbing.” The SEC needs to implement this requirement promptly. “The pay-gap ratio is crucial to determining whether executive compensation is excessive and to judging the effect of pay gaps on company performance and the broader economy.”
