Pay ratio disclosure = Dodd-Frank inanity

The SEC voted 3-2 to implement a Dodd-Frank requirement. A law this big has to include some drek, and this is a good example.

A better response, if I may be so bold, would be to require tagging the proxy statement in XBRL so that all executive compensation data was available, and add a requirement to publish the median salary of employees. People can do their own division.

 

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