http://www.ft.com/cms/s/0/977211ac-b461-11df-8208-00144feabdc0.html
A logistic nightmare. How hard is it really to compare the compensations of the Brass, to that of those in the company who actually work for a living?
Why is the exchange rate now seen as a problem for the Brass of a company, it certainly seemed to pose no problem when Brass outsourced the work to garner cheaper labor.
Could it be that the Brass don't want you to see just how cheaply, that labor comes by, especially since a large portion of America is out of work?
A lobbyists job is never done.
US companies face a “logistical nightmare” from a new rule forcing them to disclose the ratio between their chief executive’s pay package and that of the typical employee, lawyers have warned.
The mandatory disclosure will provide ammunition for activists seeking to target perceived examples of excessive pay and perks. The law taps into public anger at the increasing disparity between the faltering incomes of middle America and the largely recession-proof multimillion-dollar remuneration of the typical corporate chief.
S&P 500 chief executives last year received median pay packages of $7.5m, according to executive compensation research firm Equilar. By comparison, official statistics show the average private sector employee was paid just over $40,000.
Business sees the disclosure provision – buried in section 953(b) of the Dodd-Frank financial reform act – as a bureaucratic headache that may encourage false comparisons.
