How, exactly, will this “simple benchmark” help investors do those things? What number, or range, for this ratio tells an investor that a company is treating its average workers well or poorly, or that a company is paying its CEO reasonably? What economic or financial standards can be created using this or other data to enable investors to figure these things out?
It's hard to argue with Hodak's view that "the SEC is simply being used in an experiment in social engineering." It's equally hard to argue with his conclusion that the experiment will fail, as have so many before.
