The SEC moves to mandate wealth shaming on American corporations

From NBC:

Companies will have to provide investors with a ratio showing how the median pay of their workforce squares with their chief executive officers’ compensation, under new rules slated for adoption by U.S. securities regulators on Wednesday. 

Under the Securities and Exchange Commission’s final rules, companies will get some flexibility in how they find the median. For instance, they can exclude 5 percent of their overseas workers when arriving at the number and use statistical sampling. 

Those changes are not likely to assuage corporate trade groups, which have opposed any rule and are widely expected to file a legal challenge.  

The SEC has been under mounting pressure by Democrats, including Sen. Elizabeth Warren of Massachusetts, and unions, who support the rule and have lamented delays in its adoption.

We need to start publishing numbers on how much various Democrats make compared to their constituents.