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Showing blog posts tagged with Securities and Exchange Commission

Investors with $3 Trillion in Assets Call for CEO-to-Worker Pay Ratio Disclosure

Today, more than 100 institutional investors with a combined $3 trillion in assets under management sent a letter to the U.S. Securities and Exchange Commission in support of a CEO-to-worker pay ratio disclosure. The signatories of the investor statement on pay ratio disclosure include a variety of pension plans, asset managers, foundations, faith-based funds and state treasurers.

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Sen. Warren to SEC Chair White: 'Your Leadership of the Commission Has Been Extremely Disappointing'

Photo courtesy Edward Kimmel on Flickr

In a blistering 13-page letter released earlier this week, Sen. Elizabeth Warren (D-Mass.) took U.S. Securities and Exchange Commission (SEC) Chair Mary Jo White to task for a series of broken promises made around the time of her confirmation. At the top of Warren’s list—the commission’s ongoing failure to finalize a rule requiring companies to disclose the gap between their CEOs' pay and that of the median worker.

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Honor Labor Every Day, Not Just on Labor Day

Honor Labor Every Day, Not Just on Labor Day

It’s been a long time since companies honored workers with more than just lip service once a year on Labor Day. Decades, actually. Since the late 1970s, wages of workers have not even kept pace with inflation. Meanwhile, CEO pay has soared. But because companies do not disclose a vital piece of information—the pay gap between their CEO and their typical worker—investors and the public cannot gauge which companies are investing in their workers and which are not.

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Feds Home In on Senior Republican Staffer as Possible Source of Insider Trading Leak

Recent court filings by the U.S. Securities and Exchange Commission suggest that Brian Sutter, the staff director of the House Ways and Means Subcommittee on Health, could have been the source of inside information on changes in health care policy that led to illegal insider trading.

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SEC Subpoenas House Republican Staff as Part of a Trading Probe

The Wall Street Journal reported on June 18 that federal prosecutors and the Securities and Exchange Commission are collecting evidence for a grand jury probe into whether Republican congressional staff on the House Ways and Means Committee tipped Wall Street traders off about changes in health care policy.

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SEC Uncovers Improper Fees Charged by Leveraged Buyout Funds

Photo courtesy Michael Daddino on Flickr

It seems there is no end to the extremes to which the titans of Wall Street will go to pad their pockets. The latest example came last week when the head of examinations for the U.S. Securities and Exchange Commission revealed that SEC examiners have uncovered rampant fee abuses by leveraged buyout fund (aka ‘private equity’) advisers.

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New ALEC Documents Show Why the SEC Needs to Require Corporate Political Spending Disclosure

New revelations about the conservative American Legislative Exchange Council (ALEC) illustrate the need for greater transparency by corporations for their political and lobbying spending. The internal documents released by The Guardian show that ALEC has targeted dozens of large corporations for fundraising in 2013, including what ALEC calls “prodigal son” corporations that had previously dropped their membership because of the organization’s controversial positions.

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Janet Sparks, a Walmart Associate, Wants to Talk to You About CEO Pay

Janet Sparks was the first and only person in her store who walked off the job then helped organize her co-workers.

I’ve worked at Walmart in Baker, La., for eight years, and I’ve been a Walmart shareholder since I started. Times are tough for Walmart customers, but I want you to know that times are tough for many Walmart associates, too. We are stretching our paychecks to pay our bills and support our families. Many of us are not getting as many hours as we used to and that makes it even harder. Now the new associates in my store are not even hired as permanent employees. They are hired as temps with no benefits—not even a discount card.

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