From the New York Times: “We’ve created this class of centimillionaires and billionaires who have not been good for this country,” said Nell Minow, vice chair of ValueEdge Advisors, an investment consulting firm. “They may build a wing on a museum. But it’s not infrastructure — it’s not the middle class.” The gap between executive…
Category: pay ratio
Intel Says It Will Share Pay Data Most Companies Keep Secret – Bloomberg
Intel Corp. says it will publicly release employee pay data, broken down by race and gender later this year. For the first time, every company with more than 100 employees is required to report the same to the Equal Employment Opportunity Commission, but the agency keeps the filings private, unless a company voluntarily discloses it….
The CEO Pay Ratio: Data and Perspectives from the 2018 Proxy Season
Compensation consultants from Pearl Meyer look at the results of the first pay ratio disclosures. Source: The CEO Pay Ratio: Data and Perspectives from the 2018 Proxy Season
How Many Workers Must Live In Poverty For McDonald’s CEO To Make $21.8 Million?
VEA Vice Chair Nell Minow is quoted in Forbes on the pay ratio: Corporations and their proxies so far haven’t embraced the mandatory pay ratio disclosures. Instead, they’ve attacked the measure and tried to undercut what insight the information can provide. Nell Minow, an old colleague of mine, expert in corporate governance, and vice chair…
Yawn. The Pearl Meyer Comp Consulting Firm Calls The CEO Pay Ratio “A Big Fat Dud”
It’s no surprise that a firm that is itself compensated by telling corporate executives that they are worth a lot of money is calling the first-ever pay ratio disclosures “a big fat dud.” Of course they think that. Those numbers, required by the Dodd-Frank post-meltdown legislation and finally made public for the first time, make…
UK’s biggest firms will have to justify pay gap between bosses and their workers – GOV.UK
For the first time ever, listed companies will legally be required to annually publish and justify pay difference between chief executives and their staff the directors of all large companies will also have to set out how they are acting in the interests of employees and shareholders reporting is part of the government’s modern Industrial…
Lloyds faces shareholder revolt as CEO’s pay is 95 times that of average worker | Business | The Guardian
Lloyds Banking Group is facing the prospect of a shareholder rebellion after giving its chief executive, António Horta Osório, a pay packet that is nearly 100 times larger than the average worker’s at the bank.The advisory group Institutional Shareholders Services (ISS) has recommended a vote against the bank’s remuneration report at the annual general meeting…
Rewarding or Hoarding? Representative Keith Ellison on the Pay Ratio Disclosures
For the first time this year companies have had to disclose the pay ratio, comparing the salary of the CEO to the median of the workforce. [See our previous post on the charge by Ralph Nader and Steven Clifford that the gap is far wider than these disclosures indicate.] Representative Keith Ellison (D-Minnesota) has issued…
CEOs should disclose their real wages. The real pay gap is [even more] maddening.
This year’s first pay ratio disclosures are not entirely accurate, according to Ralph Nader and Steven Clifford in USA Today, because they omit the biggest category of CEO pay, stock and option grants. Apity reported that CEO Kevin P. Clark’s total compensation was $13,800,347. He also received $17,699,452 from exercising stock option, an amount not…
Walmart’s CEO earns 1,188 times as much as the company’s median worker
Walmart’s CEO makes a lot more than the company’s median worker. 1,188 times more, to be exact.Doug McMillon earned $22.8 million during the retailer’s last fiscal year, which ended on January 31, according to a company filing.Walmart’s median employee, meanwhile, earned $19,177 in the same period. Source: Walmart’s CEO earns 1,188 times as much as…
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