(Source: The Washington Post, June 27, 2011)
WASHINGTON, D.C. — A group backed by 81 major companies is lobbying to keep secret how much more CEOs makes than their typical worker.
Legislation forcing companies to publish their comparison was passed as part of a large financial overhaul bill passed last year. Now, however, Republicans are voting to repeal the disclosure requirement.
According to the Washington Post, “In 1970, average executive pay at the nation’s top companies was 28 times average worker income… By 2005, executive pay had jumped to 158 times that of the average worker.”
Full story: Seattle Times