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Mary Jo White
SEC is seeking more clarity on executive pay
SEC is seeking more clarity on executive pay

Even as stock prices tumbled and the country was plunged into a deep recession in 2008, seven of California's 10 highest-paid chief executives got sizable raises, lifting the average pay package to $32 million. That same year, Wall Street bankers gave themselves nearly $20 billion in bonuses as the government spent billions of dollars to bail out financial institutions. President Obama called the bonuses “shameful.” The public outrage continues, and now the Securities and Exchange Commission is taking another step to help shareholders decide whether to rein in executive pay. The SEC's commissioners voted 3-2 on Wednesday to require publicly held companies to...

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