Mary Jo White

Trump's acting SEC chair targets rule about CEO pay disclosure

Trump's acting SEC chair targets rule about CEO pay disclosure

After years of wrangling, a controversial rule requiring thousands of public U.S. companies to share how much more their chief executives earn than their typical rank-and-file employees went into effect this year. The "pay ratio" disclosure threatens to put a spotlight on a potentially embarrassing disparity that many companies have long fought to obscure.

The Securities and Exchange Commission finalized the rule in 2015 after receiving thousands of public comments. On Monday, the agency's acting chairman said it was time to reconsider.

"It is my understanding that some [companies] have begun to encounter unanticipated compliance difficulties that...

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