Ellison: ‘A Very Good Idea’ for Government to Regulate CEO Pay

Ellison: ‘A Very Good Idea’ for Government to Regulate CEO Pay (The Washington Free Beacon)

Rep. Keith Ellison (D., Minn.) said Wednesday that the government should "start talking about" regulating pay disparities between CEOs and other employees.

Ellison touted his report about newly disclosed figures showing CEOs make on average 339 times as much as the median employee. The Securities and Exchange Commission (SEC) mandated the pay disclosures as part of the Dodd-Frank banking reform legislation, and Ellison said transparency is just the beginning.

"Are you favoring the government actually regulating the relationship between CEO pay and the average worker?" Bloomberg host David Westin asked.

"I think it is a very good idea, and I think we should start talking about it," Ellison replied.