Excessive C.E.O. salaries contributed to the reckless financial culture that nearly ruined our economy. The Dodd-Frank law, which Congress passed in 2010, requires publicly traded corporations to disclose how much their executives make—compared to their average worker.
Three years later, the law still hasn’t been enforced. Why? Because the Securities & Exchange Commission has not even passed regulations implementing the law. Meanwhile, big corporations are putting pressure on the S.E.C.—and Congress—to quietly kill it.