Skip to comments.SEC requires companies to reveal CEO-vs-worker pay gap
Posted on 08/05/2015 1:24:47 PM PDT by PROCON
WASHINGTON (AP) -- Federal regulators have approved a long-delayed rule requiring companies to reveal the pay gap between CEOs and their employees.
The Securities and Exchange Commission voted Wednesday to order most public companies to disclose the ratio between their chief executives' annual compensation and median, or midpoint, employee pay.
(Excerpt) Read more at hosted.ap.org ...
"Why should a rich CEO get that much more money than his employees?!"
"It's not FAIR!"
Me: Um...because it's his company....
He didnt build that, somebody else did.
Communists fanning the fanning the flames of envy.
I think publicly traded corporations should provide this info to their stockholders.
Ah, he/she did not build that company alone, so I have been told...
I think I recall forbes publishes a list
those that matter already do
As a CEO I say FU.
I’m not publicly traded.
but commies think it is great for a low IQ, very average ball player or entertainer to take home as much money or more.
What difference does it make?
A lot of CEO's take very little in salary.
It gets pretty corrupt at the top, but having the government get involved is like installing Dracula to oversee blood banks.
They think it’s 1917 in the coming Commmunist Red United States...
I think all companies should do like that CEO in Seattle did. He took a huge paycut in order to give all his employees a minimum salary of $70,000. That seems fair.
Although now he has been forced to rent out his home to make ends meet, two of his best employees walked out, and customers have left him. He’ll probably go bust. But - that is fair too.
Finally. Disclosures that are so key for investor’s decisions. How did the markets manage without this information. It’s like 1933-34 all over again.
Why on Earth? What difference does it make to the stockholders? Why do we need the government to mandate this as an issue, except as a basis to stir up left wing talking points against e-vil corporations?
The whole idea of "income inequality" is a phony lefty issue.
Only in a very few cases.
The CEO is an employee too: he serves at the leisure of the Board of Directors in any public company.
And the Board is elected by the shareholders...the real owners.
If the Board and the CEO are conspiring to line their own pockets at the expense of the shareholders, then he can and should be fired.
“A lot of CEO’s take very little in salary.”
The following people have been employed for annual salaries of one dollar:
Michael Bloomberg, former Mayor of New York City
Sergey Brin (Google)
Larry Ellison (Oracle Corporation)
Darren Entwistle (TELUS)
Richard Fairbank (Capital One Financial)
Lee Iacocca (Chrysler Corporation)
Muhammad Ali Jinnah (Founder of Pakistan), as the first Governor General of Pakistan, fixed his salary to be 1 rupee without any other compensation.
Steve Jobs (Apple), also did not take any alternative form of compensation (stock options, bonus, etc.) since 2003
John F. Kennedy, Former President of the United States
Richard Kinder (Kinder Morgan), also does not take any alternative form of compensation (stock options, bonus, etc.)
John Mackey (Whole Foods Market), who also does not take any alternative form of compensation (stock options, bonus, etc.)
N. R. Narayana Murthy (Co-Founder of Infosys)
Elon Musk (Tesla Motors)
Shaquille O’Neal (Reserve Officer in Miami Metro Dade Police)
Larry Page (Google)
Mark Pincus (Zynga)
Richard Riordan (Mayor of Los Angeles)
Henry Samueli (Broadcom Corporation)
Eric Schmidt (Google)
Arnold Schwarzenegger (former Governor of California)
Terry Semel (Yahoo!)
Sehat Sutardja (Marvell Technology Group)
Meg Whitman (Hewlett-Packard)
Jerry Yang (Yahoo!)
Mark Zuckerberg (Facebook)
first they make you report it.
then they tax it
then they cap the income
then they take it.
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