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The pension fund system is joining other organizations in their support of the SEC’s rule to apply transparency to CEO salaries, which was put in limbo by the acting chairman of the regulator.
The California Public Employees’ Retirement System (CalPERS) reports that it has signed a letter that supports the SEC’s Pay Ratio Rule, requiring public companies to “disclose the ratio of CEO pay to that of the median compensation earned by all employees at a company.” The letter was prompted by a delay and possible reconsideration of...
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