I went looking for the latest figures on CEO to worker pay gap and found this piece.  The speech given by Mary Jo White is good, too.  Although, I think she protests a little too much on the power of the SEC and its ability to stay unbiased in an increasingly biased world.  It just seems to me that Bush, Cheney & Co., did everything they could to diminish any agency that could thwart them and their banker, oil, and defense contractor friends.

This from Canada Broadcasting–the Swiss and Europeans are enacting a law capping executive pay at twelve times the lowest worker’s salary.  Boy, you’ll start seeing those poverty level wages start to go up pretty fast, eh?

Businesses such as Glencore Xstrata and Roche, which are headquartered in Switzerland, say they may consider leaving the country if the rule is passed.

The fear is that they will not be able to attract top talent if pay is capped.

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Remember when Phil Gramm said people losing their homes were a bunch of whiners?  And now that they want to enact laws closing the enormous pay gap….the business pooh-bahs are the ones saying they’re going to take their marbles and go home?  Who’s whining now…?

They fear not being able to attract “top talent” if pay is capped?  Seriously?  Um, yeah, I’m pretty sure if all exec pay was capped, they would have no choice but to accept the pay offered.  And that statement leads one to believe that the talent is actually worth all that moolah.  As we saw in the previous piece with Ron Johnson at JCPenney…um, yeah, not worth the ungodly sum they paid him.  Oh, and Penneys, you might want to consider not using sweatshops for your clothing lines….