Tuesday, November 5, 2013

CEO vs. Worker Pay, Disclose It!

If Blogger will allow an exclamation mark in the title of this post I'm All For this Rule Change by the Securities and Exchange Commission!  There is a growing gap between rich and poor which Must be exposed and this is one day when it Might become a reality.
Corporations will have to start disclosing how much CEOs are paid compared to the
typical worker
if the SEC implements a new rule. But corporate lobbyists are fighting like mad to
stop it.
Tell the SEC to resist corporate pressure
 and stick to its plan to require disclosure.
Sign the petition

After years of delays,
the SEC has just voted to enact a potentially game-changing provision of the Dodd-Frank
Act on CEO compensation
, and corporate America is fighting like mad to stop it.
The new provision requires corporations to disclose the amount their CEOs make compared
to the salary of the median worker. Corporate actors are shocked because the rule
is surprisingly strong --
it doesn't allow many of the usual gimmicks that corporations use to skew data.
 This new rule could set off a revolution at Walmart and other companies that are
getting rich off of underpaid staff.
The US Chamber of Commerce and other big business organizations are frightened, and
are fighting back
, pressuring the SEC to change its mind during a sixty-day comment period going on
now. Sign our petition to the SEC today to ensure that your voice is heard, and the
SEC makes the right call on corporate disclosure.
Tell the SEC to resist corporate pressure and get corporations to publish information on their CEO pay!
This data is valuable for investors, as it helps them determine which companies are
dangerously overloaded at the top. The new disclosure will create downward pressure
in the industry by rewarding companies with more reasonable salary hierarchies. It
will also get workers talking, and put overpaid executives in the spotlight.
This could be a game-changer for out-of-control inequality
. Help us ensure that the provision stays in place, to stop the wild greed at the
top of the largest companies in the US.
Unsurprisingly, corporate lobbyists are doing everything they can to stop these new
rules, and
if it looks like the public isn't paying attention, the SEC might just give in and
water down its disclosure requirements
. We can't let them get away with that. Let's flood the SEC with comments demanding
the strongest possible rules for holding CEOs accountable to their investors and
the public. We know regulatory agencies speak up when the SumOfUs community speaks
-- the Federal Communications Commission just cited our comments in its decision
making it cheaper for incarcerated people to call their families.
What are you waiting for? Click here to submit a comment to the SEC demanding more disclosure on CEO pay.
Thanks for all you do,
Claiborne, Taren, and the team at SumOfUs.org
More Information:
Federal Regulators Finally "Mind the Gap"
, 22 September, 2013
 SumOfUs is a world-wide movement of people like you, working together to hold corporations
accountable for their actions and forge a new, sustainable path for our global economy.
You can support our work by
donating here.
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