After years of delays, the SEC has just voted to enact a potentially game-changing provision of the Dodd-Frank Act on CEO compensation

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After years of delays, the SEC has just voted to enact a potentially game-changing provision of the Dodd-Frank Act on CEO compensation.

The new provision requires corporations to disclose the amount their CEOs make compared to the salary of the median worker. Corporations are shocked because the rule is surprisingly strong -- closing the loopholes that corporations normally use to skew data.

The U.S. Chamber of Commerce and other big business organizations are frightened, and are fighting back, pressuring the SEC to soften the provisions language during the current sixty-day comment period.

This data is valuable for investors, as it helps them determine which companies are dangerously overloaded at the top. The new disclosure will create downward pressure in the industry by rewarding companies with more reasonable salary hierarchies. It will also get workers talking, and put overpaid executives in the spotlight. This could be a game-changer for out-of-control inequality andhelp stop the wild greed at the top of the largest companies in the US.

There is a petition circulating regarding this corporate disclosure.

http://act.sumofus.org/go/2720?t=2&akid=2589.1801711.QkjX4a>

Authors Bio:

Hello. My name is Chey Barnes. I just wanted to post a brief introduction before I start posting some other topics. I live in South Florida and enjoy all the perks associated with Florida living such as boating and sports. I’m an accomplished artist, gardener, chef, and the mother of two beautiful girls aged 18 and 10. They look so much alike that they could be twins - except for being 8 years apart.

I spent many years in the Telecom industry working for BellSouth and AT&T but found it a tad dry and moved into Streaming LIVE Media over the Internet which is a new and growing field. I’ve been doing that for about 5 years now. It has been challenging as we are pioneers in the field.

I’m a volunteer at Feeding America and Feeding South Florida food distribution centers and an active member at South Palm Church’s Video Production Team, Baptism Team, and Good Samaritan Growth Group.

I’ve always enjoyed writing and recently completed my first novel "Microchip the Agenda in Now" which will be released in the fall of 2014. I was driven by spirit day and night to get this book finished, which wasn’t easy with working a regular job full time. It took me 6 years to get it complete.

Here is a short narrative that can best describe what my science-fiction novel is about:

In the not too distant future, the world’s economy has completely collapsed. The new one world government in conjunction with the World Central Reserve Bank has plans to usher in a new era of peace and economic security. There is just one slight hitch; everyone is now required to take the World Central Reserve bio-chip inserted into the lower right quadrant of their wrist. This new means of transfer and payment replaces the old outdated banking and currency systems throughout the globe.

Everyone from bikers to blue bloods is now required to take the microchip or suffer the consequences. Tens of thousands flee to find safe haven where they can live in harmony without being micro-chipped.

Soon order is restored from chaos and all is well in the world. Or is it?

Is this simple data transmitter is much more than it seems? Is more than just a financial agenda behind the frightening technology that lurks deep within the bio-chip?

Thanks for having me on your forum, I’m happy to be here.

Chey