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Disclosure of CEO-to-Worker Pay Ratios Stalls

SEC has yet to draw up rules as big companies lobby against the Dodd-Frank requirement.

By Elliot Blair Smith and Phil Kuntz, Bloomberg | Updated on April 30, 2013

Former fashion jewelry saleswoman Rebecca Gonzales and former Chief Executive Officer Ron Johnson have one thing in common: J.C. Penney Co. no longer employs either.

The similarity ends there. Johnson, 54, got a compensation package worth 1,795 times the average wage and benefits of a U.S. department store worker when he was hired in November 2011, according to data compiled by Bloomberg. Gonzales’s hourly wage was $8.30 that year.

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