Minnesota Democrat Keith Ellison is among 25 Washington lawmakers pressing the Securities Exchange Commission (SEC) to require companies to report CEO to median worker pay ratios. In a letter to the SEC Wednesday, five senators and 20 House members, all Democrats, urged quick implementation of a provision of the Dodd-Frank Wall Street Reform law which requires publicly-held companies to report the ratio between the CEO's compensation and that of the median employee at that company. The effort was spearheaded by Ellison and Sen. Robert Menendez of New Jersey. "A company's treatment of their average workers is not just a reflection of their corporate value system, but is material information for investors," they wrote. The letter comes almost 18 months after Congress passed Dodd-Frank, a piece of legislation that Republican presidential candidates have vowed to repeal.
