Equifax CEO Retirement Puts Spotlight Back on Executive Pay “Clawback” Rule Delay
The top Democrat overseeing financial markets pushed the Securities and Exchange Commission to finalize an executive pay “clawback” regulation in the wake of the massive Equifax data breach. Sens. Sherrod Brown (D-Ohio) prodded SEC Chair Jay Clayton on Tuesday to finish the rulemaking process, which was initially ordered more than seven years ago by Dodd-Frank financial reform. “I intend to finish the mandate. There is a prioritization,” Clayton told Brown, the vice chair of the Senate Banking Committee. “I am going to be very open with…