This week, the Chamber of Commerce released a report claiming that a new requirement under the 2010 Dodd-Frank financial reform bill that corporations calculate and disclose the ratio of CEO pay to an average worker’s pay is “egregious.” The report notes that the Securities and Exchange Commission, which has to issue the regulation, estimated that the new rule would require an average of just 190 extra hours of paperwork each year per company, costing an extra $18,000. But the Chamber contends that different data that it gathered from surveying 118 companies, or 3.1 percent of covered businesses, show the […]

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