Posted on 04/12/2006 8:10:35 AM PDT by libertarianPA
I might sound a bit conceited with this statement, but to any other person an article about a new SEC rule might have seemed trivial. To me, it was a significant statement about the current American values; and I don't mean a positive statement.
In their never ending campaign to create class warfare, the mainstream media, hypocritical wealthy Democrat politicians, Hollywood limousine liberals, and the left in general have regularly expressed a hatred toward corporate CEOs for their "bloated" salaries, benefits, and pensions. There's no rational reason, according to these socialists, for a man to earn in one week what it takes the average worker earns in one year.
To liberal America's pleasure, any publicly held company is required by law to publish salaries and perks of their executives. But under a new Securities and Exchange Commission regulation companies would be forced to disclose compensation details of as many as three non-executive employees whose pay and benefits exceed any of its top five executives. This means any entertainment, media, and production company, as well as any professional sports team, might have to make the salaries of their top performers or athletes public.
(Excerpt) Read more at amarxica.com ...
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