01/16/2018
https://www.congress.gov...
"I think you are referring, Senator, to Section 953(b) of the Dodd-Frank Act, which requires disclosure of the ratio between the amount of the CEO's compensation and the median employee of a large publ..."
"I do not think I would be satisfied actually with the disclosure requirement."
"In my view, it is important for regulators to require firms to separate the times that options and restricted shares can be cashed from the time in which such shares and options vest."
"Executives should not be able to use such transactions to undo the incentive consequences of the pay structure that was set for the executives."