Disclosing CEO-worker pay gaps makes no sense for Wall Street banks

The Securities and Exchange Commission this week adopted a new rule requiring public companies to disclose how much money CEOs earn in comparison to typical employees. Part of the Dodd-Frank financial reform act, the rule has been applauded by many, including The New York Times editorial board. The Times said the requirement could help shareholders make decisions on company performance based on things like morale and turnover. But when it comes to Wall Street firms — which the rule was presum...