Here's Why The New CEO Pay Rule Could Backfire On Its Advocates

When the Securities and Exchange Commission released its CEO pay rule this week, many cheered it as a way to shame companies into moderating outlandish pay packages. --The rule, which goes into effect in 2017, mandates that publicly-traded companies disclose the gap between what their top executives are paid and what their rank and file workers make. --As the New York Times' Gretchen Morgenson put it, "because the rule will generate an easily graspable and often decidedly shocking number, it may energize a cadre of new combatants in the executive pay fight." It could have the opposite effect.

Read more at Investor's Business Daily
(Hat tip: KimR) Read More......

SEC and Homeland Security need Web backup, GAO says

REUTERS, 10/26/2009 by Maggie Fox, Health and Science Editor - WASHINGTON: Securities exchanges have a sound network back-up if a severe pandemic keeps people home and clogging the Internet, but the Homeland Security Department has done little planning, Congressional investigators said on Monday. ∴ The department does not even have a plan to start work on the issue, the General Accountability Office said. ∴ But the Homeland Security Department accused the GAO of having unrealistic expectations of how the Internet could be managed if millions began to telework from home at the same time as bored or sick schoolchildren were playing online, sucking up valuable bandwidth. Read more at Reuters...

Is this a lead-in to giving the President authority to control the Internet in case of an 'emergency?' --bc Read More......