Dodd-Frank executive pay rule still in limbo amid pushback from corporate America
Source: Washington Post
Soon after Congress approved the largest overhaul of financial regulation in generations, the Securities and Exchange Commission moved to enforce what it considered one of the simpler parts of a mammoth and complicated law.
The provision required companies to disclose how much more their chief executives made than other employees. All the agency had to do was write a rule telling firms how to comply.
Nearly three years later, the rule remains unfinished, with no sign of when it will be done.
Within six months of the law’s passage in 2010, SEC staffers had circulated an early blueprint for the pay rule. They set a deadline for completing it by the end of 2011. The public was outraged over runaway executive compensation, and the pay disclosure seemed relatively straightforward, at least compared with many of the law’s other requirements.
Read more: http://www.washingtonpost.com/politics/dodd-frank-executive-pay-rule-still-in-limbo-amid-pushback-from-corporate-america/2013/07/06/94a8c9e0-d793-11e2-a9f2-42ee3912ae0e_singlePage.html
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We can use RW Fundies as and Excuse while we rape Pension Funds and keep Interest Rates Low so that Retirees will be BEGGING US when we do Chained CPI. Those old Gray Hairs will be out there ON THE STREETS...and folks will LAUGH AT THOSE SUCKERS!
And meantime we used RAND and RON PAUL TO TAR THEM!...Those ones who STOOD UP ARE DEAD...we've Painted them as RACIST/PAULITES.... (from Rahm Emmanuel Tweeted to Center for American Progress[/b) LOL's on YOU! "American People" and let's turn it over to Penny Pritzger to EXPLAIN...for us WHAT it's ALL ABOUT!
PENNY:
As new Secretary of Commerce Department... "Can you tell us the strategy for your ambitions for pushing through the "Trans Pacific Partnership" and how fast you think that this DEAL can be Finalized.
Over to
Pritzger:
BLAH...BLAH...BLAH...Worked on for years...BLAH...BLAH...BLAH...It will be the most ambitious Trade Agreement ever done to "Improve our Trade with the Rest of the World and to be sure that China and Russia will never Surpass us in our Might and Will of the People! Our wages are now closely coming into Parity with the Third World...and it's advantageous for us to "Seize the Moment" and move "Forward" with this "Momentous Moment in USA and Pacific Partners Moving Forward. (APPLAUSE...APPLAUSE)...Crowd stops as she smiles and gives the "V" SIGN and then steps off the stage.
