Editor's notes: this was the result of legislation passed earlier this year. With Obama and his angst against the evil rich plantation owner (read: CEO) . One thing for certain; if he had run on the a platform that flat out said, "Vote for me and I will do my best to limit the pay of your boss," he would not have won the election. . . . but that is exactly what he is doing.

US pay law branded ‘logistical nightmare’

By Jean Eaglesham and Francesco Guerrera in New York

Published: August 30 2010 22:01 | Last updated: August 30 2010 22:01

US companies face a “logistical nightmare” from a new rule forcing them to disclose the ratio between their chief executive’s pay package and that of the typical employee, lawyers have warned.

The mandatory disclosure will provide ammunition for activists seeking to target perceived examples of excessive pay and perks. The law taps into public anger at the increasing disparity between the faltering incomes of middle America and the largely recession-proof multimillion-dollar remuneration of the typical corporate chief. . . . . READ THE FULL ARTICLE in the Financial Times >>>>

Point of post: something else that needs to be repealed. Why? Because what private business makes is none of the Government's business.

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

We document the complications of the Obama war on business.

US pay law branded ‘logistical nightmare’

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