Donald Trump, who was elected U.S president last week largely on support from working-class voters, could scrap rules designed to make pay in corporate America more egalitarian if the Republican follows through on a promise to dismantle the Dodd-Frank Act.

Crafted in the aftermath of the 2008 financial crisis, the law contains provisions that strengthen investors’ ability to restrain outsized pay packages for company chiefs. The bill requires clawback provisions, advisory votes on executive compensation and mandated disclosure of a CEO-to-worker pay ratio.

Trump soared to victory on promises of returning economic power to “forgotten Americans,” criticizing chief executive officer pay along the way. “You see these guys making these enormous amounts of money,” Trump told CBS in a 2015 interview. “It’s a total and complete joke.” Read More