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Pay Ratio Rule Explained ... In Plain Pithy English
Benefits and Compensation with John Lowell
[Opinion] Sept. 19, 2013
"[T]here is nothing in the rule that either serves to reform Wall Street or to protect consumers. In case you missed that, let me repeat in different words: the rule serves no useful purpose.... The rule allows for significant simplification in the process. That said, multinational companies with decentralized payrolls may still spend millions of dollars complying with 953(b), but that still pales when compared with what they might have spent."
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