Will the SEC get new powers on executive pay?

Dreamworld. Those that make the rules are too heavy in debt to the business oligarch, and in fact many are part of it.
Talk is cheap and in this case it will be little more than political rhetoric. The shareholder proviso is little more than a commentary or confidence vote, non-binding and pops up now and than. Congress has never seen fit to even allow this voice and there is little reason to believe that there will be major change of mind set.
Ever hear the statement of friends in high places?

more nobama muslim/communism. just what we need governme interference in business. boards of directors determine executive pay not governments. be scared America. join grassfire.org

I would be happy if the SEC just did what it was set up to do and enforce the regulations imposed on Wall Street instead of letting these people do what ever they want in order to make more money no matter who it harms or what they destroy in the process.The SEC has been asleep at the wheel for to long and it has destroyed public confidence in the Governments ability or desire to regulate Wall Street.Untill the SEC is serious about enforcement I will not re-enter the market.

I don't see this type of regulation as benefiting to the consumer or business as a whole. If they wanted to decrease executive compensation. All they need to do is make a new tax bracket that bumps taxes an extra 20-30 percent over a certain adjusted income limit of lets say 300k. It's very well assured that those people won't want to make over that amount unless it's going beat the taxes on it.

Bump up the taxes on short-term capital gains and lower the taxes on long-term capital gains while yer at it.

Everything the Obama administration attempts only makes the job of his successors more difficult. The first 100 days of the next administration (can't come soon enough) will be spent undoing all the damage Obama has already done to the US.

As far as the government is concerned they need to keep out of the running of corporations. All they manage to do is to expedite bankruptcy or the sale to foreign owned agencies.

The US will be lucky to even have any corporations besides Wal-Mart by the time the Obama -Clinton cartel is done.

On topic regarding executive pay, there should be no cap to it although it should be based on a percentage of the amount of taxes paid by the company. If a company pays $1 billion in taxes there should be no qualms of a CEO receiving $100 million in salary. On the other hand if a company pays little or no taxes due to claiming aggressive losses or filing bankruptcy then the top level execs should receive NO compensation. This would be an honorable method of executive compensation based on performance but we all know there is no honor amongst CEO's or politicians

Any way you look at it the government needs to abstain from commandeering corporation operations, but the boards should be more demanding of pay for performance.