SEC Said Near Proposal on Disclosure of CEO-to-Worker Pay

Public companies would be required to disclose how much more their chief executives are paid than rank-and-file workers under a rule to be proposed next month by U.S. securities regulators, according to two people familiar with the matter.

The Securities and Exchange Commission proposal, part of the 2010 Dodd-Frank overhaul of financial markets, would require companies to calculate and disclose their CEO’s compensation as a multiple of median worker pay, said the people, who spoke on condition of anonymity because the commission’s agenda hasn’t been made public.