A CEO pay disclosure rule legislated by Democrats way back in 2010 is finally coming to fruition.
Rep. Keith Ellison, D-Minn., released a report Wednesday finding that the average CEO is making 339 times the pay of the company’s median worker.
That finding, among others illustrating executives’ pay, is based on disclosures mandated by the 2010 Dodd-Frank financial reform law.
The law, passed by congressional Democratic minorities and signed by former President Barack Obama, required the Securities and Exchange Commission to write a rule requiring public companies to disclose the ratio of CEO to employee pay.
Read more at the Washington Examiner.