The SEC is dragging its feet implementing a section of the Dodd-Frank reform that would require publicly traded companies to calculate the ratio between the CEO’s pay and that of the firm’s median pay package. The New York Times editorial board urges them to push forward.
The Pure Food and Drugs Act of 1906 is today remembered as one of the highlights of Progressive reform. In an urbanizing and industrializing era when Americans no longer lived near the sources of their food and in which unregulated patent medicine promised miraculous cures, this law offered an assurance of safety that consumers, no matter how vigilant, could not provide on their own.
Information is power… and that’s the problem
The SEC is dragging its feet implementing a section of the Dodd-Frank reform that would require publicly traded companies to calculate the ratio between the CEO’s pay and that of the firm’s median pay package. The New York Times editorial board urges them to push forward.
Read MoreThe Truth in Lending Act, 1968: Don't Confuse People With Information
By Donald Cohen. Posted on May 18, 2011.
Read MoreTruth in Labeling: The Current Backlash Against Consumer Financial Regulation Sounds Awfully Familiar
By Larry Glickman, The American Prospect, November 25, 2009.
The Pure Food and Drugs Act of 1906 is today remembered as one of the highlights of Progressive reform. In an urbanizing and industrializing era when Americans no longer lived near the sources of their food and in which unregulated patent medicine promised miraculous cures, this law offered an assurance of safety that consumers, no matter how vigilant, could not provide on their own.
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