Earlier this month, the Securities and Exchange Commission finalized a long-delayed rule that will require many businesses to publicly disclose the ratio of their top executive’s pay to the earnings of the typical employee. If the data in a newly released report is accurate, then the CEOs of Chipotle, CVS, Walmart, and Discovery Communications are each making more than 1,000 times the average salary of the people they employ. [More]
executive pay ratio
U.S. Companies Must Reveal How Much CEOs Earn Compared To Workers
By 8.5.15
Five years ago, the Dodd-Frank financial reform legislation directed the Securities and Exchange Commission to come up with rules requiring American companies to calculate and report the ratio between a CEO’s pay and that of the company’s typical employee. After repeated delays and claims from big business that the math was too complicated, the SEC has finally voted to approve these rules. [More]
SEC: U.S. Corporations Have To Reveal How Execs’ Paychecks Compare To Rest Of Workers
By 9.18.13
The Securities and Exchange Commission wants big corporations and get out their calculators to do a little math: A new proposal unveiled today says U.S. companies will have to disclose how exactly chief executive officers’ paychecks compare to those of their regular workers. That’s something the fatcats had complained would be too difficult to do, but it appears the SEC ain’t buying it. [More]
