On the last day public comments were accepted for the Securities and Exchange Commission’s controversial pay ratio rule proposal, some of the nation’s top CEOs weighed in with their concerns and suggested changes.
In a letter dated Dec. 2, the Business Roundtable – a pro-business, organization for CEOs chaired by Boeing CEO W. James McNerney, Jr., Honeywell CEO David Cote, and Dow Chemical CEO Andrew Liveris – expressed doubts that the Dodd-Frank Act’s demand for compensation comparisons will provide investors with useful or accurate information. Key changes the group desires are more time to prepare for the rule and limiting the scope to just U.S. employees.
