Calpers Urges the SEC Not to Delay CEO Pay Rule

Calpers Urges the SEC Not to Delay CEO Pay Rule


By:  Anders Melin
Bloomberg


A coalition of institutional investors including the California Public Employees’ Retirement System is calling on a U.S. regulator not to delay the rule for companies to disclose the pay gap between their chief executive officers and rank-and-file workers.

Two of the Democratic senators who’ll question Clayton at the hearing are Elizabeth Warren of Massachusetts and Bob Menendez of New Jersey, both of whom favor pay-ratio disclosure. The rule was wrapped into the Dodd-Frank Act amid claims that executive pay incentives fueled excessive risk-taking in the run-up to the 2008 financial crisis.

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