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SEC Requires Companies to Compare CEO and Worker Pay

Companies will have to report the ratio beginning in 2017.

By Dave Michaels, Bloomberg | Updated on August 05, 2015

The U.S. Securities and Exchange Commission approved a rule Wednesday requiring companies to reveal the pay gap between the chief executive officer and their typical worker, handing a new weapon to groups protesting rising income inequality.

The commission voted 3 to 2 to mandate the disclosure. The agency had delayed progress on the rule for years, with SEC Chair Mary Jo White facing attacks from unions and Democratic lawmakers in recent months for failing to get it done.

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