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…So a couple of days ago I read a scathing letter from US Senator Elizabeth Warren to SEC Chair Mary Jo White. You can read the full letter on Warren’s website here, but below are a few highlights:

Chair White #1and:

Chair White #2

…What’s fascinating about this is that very quickly following the above letter being sent by Senator Warren to Chair White, Bloomberg reported that the pay rule may be voted on as soon as August 2015 (up from the April 2016 timeline in place prior to Warren’s letter).

^In essence, it appears that White bowed to political pressure to determine when it would finalize a policy that will ultimately impact publicly traded companies around the globe. Hopefully the policy itself doesn’t also reflect the political pressure being applied by Warren, but who knows…

Thoughts?

Rory

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