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SEC proposes rules on CEO pay

A proposed regulation would require companies to disclose the gap in pay between their CEOs and their employees.

The Securities and Exchange Commission moved forward with regulations Wednesday that would require companies to disclose the gap in pay between their chief executives and average employees.

The commission voted 3-2 to propose a rule requiring that companies calculate how much their leaders earn per year and then compare that to the median, or middle, employee.

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