Oh the humanity. One of these days Democrats are going to learn that no matter what they say or do, the corporate greed types are going to scream bloody murder no matter what. Everyone with open eyes knows that the middle class has been on the decline since the 1970s and that executive pay has been exploding ever since. Instead of spending big bucks on analyzing comparable pay at other similar businesses - which is hardly a cheap exercise - to make sure corporate executives are keeping up with the Jones' maybe they can spend a few more hours looking at the widening gap. Any chance these companies would like to provide full disclosure on how much they've spent doing pay analysis for the top 20 people in their company? I didn't think so.
The Democrats need to quit being so fearful of taking on this problem and the constant whinging by these companies. Again, they will complain no matter what as we have witnessed on Wall Street so Democrats might as well implement real change that brings real substance to the middle class again. How do the Democrats not see helping the middle class as a good thing? We all know that the GOP will bend over backwards to promote corporate greed so it would be great if the Democrats can help the other 99% of the population every now and then.
Waaahhhhhhhhhh:
US companies face a “logistical nightmare” from a new rule forcing them to disclose the ratio between their chief executive’s pay package and that of the typical employee, lawyers have warned.The argument that this may create "false comparisons" is laughable because this is precisely what the same people have been doing at the executive level for decades. They are afraid of a spotlight being placed on this obvious problem. End of story.
The mandatory disclosure will provide ammunition for activists seeking to target perceived examples of excessive pay and perks. The law taps into public anger at the increasing disparity between the faltering incomes of middle America and the largely recession-proof multimillion-dollar remuneration of the typical corporate chief.
S&P 500 chief executives last year received median pay packages of $7.5m, according to executive compensation research firm Equilar. By comparison, official statistics show the average private sector employee was paid just over $40,000.
