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Critics say the pay gap between CEOs and workers has widened sharply in recent decades. CEOs of major corporations earned 354 times more compensation last year than average American workers, double the gap in the early 1990s, according to the left-leaning Institute for Policy Studies think tank. The SEC in 2011 gave shareholders at public companies the right to register their opinions on the executives' pay at least once every three years, in a non-binding vote. The SEC also voted 5-0 Wednesday to require registration with the agency for municipal advisers, who give advice to cities and towns that issue bonds on their bond sales and investing the proceeds. Scandals in several municipalities, notably Jefferson County, Ala. -- which filed what was the biggest U.S. municipal bankruptcy to that point in November 2011
-- brought to light conflicts of interest and abuses by some municipal advisers.
[Associated
Press;
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