Chamber of Commerce objects to disclosure of executive pay ratio
This week, Rupert Murdoch's Wall Street Journal reported that the Chamber of Commerce is lobbying to fight the Dodd-Frank "internal pay equity provision" that would mandate the disclosure of a comparison between chief executive and median worker pay. Dodd-Frank is the federal legislation responsive to problems identified with Securities and Exchange Commission regulation of large corporations. Fits that the Chamber would spend non-profit money on a political effort to protect the secrecy surrounding outrageous executive pay. The New York Attorney General is currently investigating whether the Chamber's tax exempt status should be revoked, given its activist hyper-partisan spending.