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How dare you filthy peasants know…

Pretty much, oh 99 percent, of the country knows that the pay ratio of corporate CEOs to their workers is obscene.

But to the CEOs the real obscenity is that people know just how obscene.

Nothing seems to get U.S. corporations’ dander up like a threat to the pay and perks of their chief executives.

That’s one explanation for corporate America’s superheated, turbocharged, over-the-top reaction to the CEO pay ratio rule recently proposed by the Securities and Exchange Commission.

The rule requires most large public companies to calculate the ratio of the pay of their chief executive officer to the median pay of all their employees. Its general terms were mandated by the Dodd-Frank Act, which imposed numerous regulatory changes on corporate and banking behavior in the wake of the 2008 financial meltdown.

…It’s not hard to see why. Unlike most SEC regulations, the CEO rule isn’t really designed to provide information for investors. Rather, it’s designed to provide information for the larger community — for society, if you will. Its aim is to provide ammunition for the argument that the share of corporate profits going to top management, and by extension corporate shareholders, has gotten out of control.

In other words, a bunch of folks who feel no shame, want to avoid that possibility in perpetuity.

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Attaturk

Attaturk

In 1949, I decided to wrestle professionally, starting my career in Texas. In my debut, I defeated Abe Kashey, with former World Heavyweight boxing Champion Jack Dempsey as the referee. In 1950, I captured the NWA Junior Heavyweight title. In 1953, I won the Chicago version of the NWA United States Championship. I became one of the most well-known stars in wrestling during the golden age of television, thanks to my exposure on the Dumont Network, where I wowed audiences with my technical prowess. I was rumored to be one of the highest paid wrestlers during the 1950s, reportedly earning a hundred thousand dollars a year. My specialty was "the Sleeper Hold" and the founding of modern, secular, Turkey.

Oops, sorry, that's the biography of Verne Gagne with a touch of Mustafa Kemal.

I'm just an average moron who in reality is a practicing civil rights and employment attorney in fly-over country .

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