A proposal by Treasury Secretary Steven Mnuchin — a former Goldman Sachs executive — would enable higher CEO pay and even less pay for workers.
The Wall Street Journal (WSJ) recently reported that Mnuchin published recommendations in a Treasury report that called for the repeal of language in the 2010 Dodd-Frank financial reform legislation that forces corporations to reveal how much average workers are paid in comparison to the CEOs of those same companies. The rule is slated to go into effect next year, but Republicans in Congress argue that the rule is simply meant to make CEOs ashamed of their compensation packages. Rather than focusing energy on shielding CEO's from potential scrutiny for their compensation packages, we believe Secretary Steve Mnuchin and Congress should focus on representing the needs of working class Americans, not the whimsical sensitivities of the 1 percent.
Sign our petition to tell Secretary Mnuchin and Congress:
Don't hide CEO salary information from the public. Instead, ensure that working class salaries keep pace with the needs of hardworking Americans and families.