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Alexandra Stevenson
The New York Times|nytimes.com

Regulators have proposed a rule on that would require publicly traded companies to disclose the difference between the pay of chief executives and their employees, an effort to make compensation more transparent, that has generated controversy and confusion.

Three of the five members of the Securities and Exchange Commission voted Sept. 18 in favor of a proposal that would require public companies to disclose the ratio of top executive compensation to the median compensation of their employees. Median pay is the point at which half the employees earn more and half earn less.

The proposal is part of the Dodd-Frank financial-overhaul legislation, which requires the SEC to amend existing rules on pay disclosure. Publicly listed companies are required to disclose the compensation of their chief executives but not pay for other employees. read more »

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