The Washington Post reports the Securities and Exchange Commission split 3-2 along party lines to require publicly traded corporations with more than $1 billion in revenues or $75 million in publicly traded securities to disclose the rate of their chief executives' pay in relation to the pay of a valid statistical sample of their workforce around the globe. Proponents say the measure will give stockholders and investors more information to make informed decisions, while opponents said the measure will have too much regulatory costs for American businesses. The regulation fulfills a measure of the Dodd-Frank bill enacted over outrage over high executive pay.
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