SEC pay gap rule could cost companies

A majority of public companies will now be required to reveal the pay gap between their CEOs and employees, The Associated Press reports. The Securities and Exchange Commission voted on the measure 3-2 Wednesday. Bloated CEO pay packages were blamed for promoting risk-taking that had short-term gain at the expense of long-term performance. One chief executive made 205 times the average employee's salary last year, compared to 257 times in 2013. Business groups say the new rule will be time-consuming…
Morning Edition RSS Feed via http://www.bizjournals.com/memphis/blog/morning_call/2015/08/sec-pay-gap-rule-could-cost-companies.html?ana=RSS&s=article_search

http://memphissmbmedia.blogspot.com/2015/08/sec-pay-gap-rule-could-cost-companies.html from Memphis SMB Media