Companies will have to show how much more their CEO makes than everybody else

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Companies will have to release CEO-worker pay ratios (Reuters)

The US Securities and Exchange Commission is about to require companies to show investors how much more the CEO makes than the median employee. SEC Commissioner Kara Stein said in a statement, "Pay ratio disclosure should provide a valuable piece of information to investors and others in the marketplace." According to Reuters, opponents of the rule say it's not material information and would be too expensive for companies to produce.

Past results tell you nothing about the future (Business Insider)

Investors who are looking at past performance to project future results are making a mistake. "We find no relationship between historical five-year returns and subsequent 12-month returns," wrote Bank of America Merrill Lynch's Savita Subramanian. A regression run by Subramanian's team found an R-square of 0.0002, which is about as low as a statistical relationship gets.

The market thinks it's more likely than not the Fed raises rates in September (Bloomberg)

Fed Funds futures say it's more likely than not the Federal Reserve will raise interest rates in September. Tuesday's hawkish comments from Atlanta Fed President Dennis Lockhart and Wednesday's strong ISM Services PMI reading have futures pricing in a 52% chance the Fed will move in September. According to Bloomberg, "The likelihood of a Fed increase is based on the assumption that the effective fed funds rate will average 0.375 percent after the first increase."

Financial services firms are pushing a cybersecurity bill (Think Advisor)

A lobbyist group for the financial services industry is asking the Senate to pass the Cybersecurity Information Sharing Act, which would make it easier to share information about cyber threats. According to those who support the CISA, it would allow public and private sector entities to work together in combating a significant threat to the economy. However, not everyone is on board. Sen. Ron Wyden, D-Ore. said the CISA is "a flawed bill that threatens Americans' privacy without making our personal information any safer."

MetLife is fighting back against LPL (Investment News)

MetLife has seen a tide of brokers leave for LPL Financial, and now it's fighting back. According to an arbitration claim filed by MetLife, LPL has conducted an "illicit, premeditated conspiracy" by poaching 60 of its brokers since October. According to Investment News, MetLife didn't specify the damages it was seeking, but wants LPL to be "enjoined from soliciting any MetLife brokers or customers."

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Click through the slideshow below for the 10 highest-paid CEOs:

10 PHOTOS
10 highest-paid CEOs
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Companies will have to show how much more their CEO makes than everybody else
10. Jeffrey Bewkes, Time Warner, $32.7 million

Chairman and CEO of Time Warner Inc. Jeffrey L. Bewkes speaks during Tribeca Talks Industry: The Business Of Entertainment - At The 2011 Tribeca Film Festival at SVA Theater on April 27, 2011 in New York City. (Photo by Astrid Stawiarz/Getty Images)

9. Brian Roberts, Comcast, $33 million

Comcast Corporation chairman & CEO Brian Roberts speaks at a Comcast presentation at the Contemporary Jewish Museum in San Francisco, Wednesday, Nov. 12, 2014. (AP Photo/Jeff Chiu)

8. Jeffrey Leiden, Vertex Pharmaceuticals, $36.6 million

Jeffrey Leiden, CEO of Vertex Pharmaceuticals. (Photo by Suzanne Kreiter/The Boston Globe via Getty Images)

7. Marc Benioff, Salesforce.com $39.9 million

Marc Benioff of Salesforce.com, winner of CEO of the Year, collects his award at the TechCrunch 8th Annual Crunchies Awards at the Davies Symphony Hall on February 5, 2015 in San Francisco, California. (Photo by Steve Jennings/Getty Images for TechCrunch)

6. Leonard Schleifer, Regeneron Pharmaceuticals, $42 million

Leonard Schleifer, founder and chief executive of the biotechnology company Regeneron, in an interview on March 9, 2015 -- (Photo by: Adam Jeffery/CNBC/NBCU Photo Bank via Getty Images)

5. Marissa Mayer, Yahoo, $42.1 million

Yahoo president and CEO Marissa Mayer speaks during a keynote address at the International Consumer Electronics Show, Tuesday, Jan. 7, 2014, in Las Vegas. Mayer unveiled the latest steps in her effort to accelerate Yahoo's lackluster revenue growth. (AP Photo/Julie Jacobson)

4. Robert Iger, Walt Disney, $43.7 million

Robert A. Iger, chairman and CEO of The Walt Disney Company, arrives at Backstage At The Geffen Gala on Saturday, March 22, 2014, in Los Angeles. (Photo by Matt Sayles/Invision for Geffen Playhouse/AP Images)

3. Philippe Dauman, Viacom, $44.3 million

President and CEO of Viacom Philippe Dauman, left, with wife Deborah Dauman, right, attends the premiere of "Transformers: Age of Extinction" on Wednesday, June 25, 2014, in New York. (Photo by Andy Kropa/Invision/AP)

2. Leslie Moonves, CBS, $54.4 million

CBS president Leslie Moonves attends the CBS Network 2015 Programming Upfront at The Tent at Lincoln Center on Wednesday, May 13, 2015, in New York. (Photo by Evan Agostini/Invision/AP)

1. David Zaslav, Discovery Communications, $156.1 million

President and CEO Discovery Communications David Zaslav speaks onstage at Discovery Communications TCA Winter 2015 at The Langham Huntington Hotel and Spa on January 8, 2015 in Pasadena, California. (Photo by Alberto E. Rodriguez/Getty Images for Discovery Communications)

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