Elizabeth Warren on CEO Pay Disclosure
on Monday, November 17, 2014Elizabeth Warren Money Quotation saying SEC doesn’t require banks to be transparent on pay in the C-Suite of big banks. Elizabeth Warren said:
“There are still no rules for the SEC to require disclosure of CEO pay relative to regular employee pay” — Elizabeth Warren
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In this quote, Elizabeth Warren is criticizing the fact that the Securities and Exchange Commission (SEC) does not currently require public companies to disclose details about CEO pay relative to typical employee salaries. Warren believes companies should have to report the ratio between executive compensation at the top and average worker pay lower down in the organization.
The quote conveys Warren’s view that shareholders and the public deserve transparency into how much more CEOs make compared to regular employees. She seems to argue this could help address growing concerns about high economic inequality and very large pay disparities between the top of companies and typical workers.