Revealed: You’re Finally Learning A Lot More About The Chasm Between CEO And Worker Pay
If you’re among the roughly half of all Americans who don’t own stock, you may not care that April is the peak of proxy filing for stockholders. But if you have a 401(k) or investments in a pension or mutual fund, you do own stock and therefore have some say in the operations of the biggest corporations in the world.
This year you may want to pay a little extra attention. Eye-popping new information about outsized CEO pay is coming out in proxy statements filed with the Securities and Exchange Commission (SEC). Last year’s SEC rule mandated by Dodd-Frank Wall Street reform legislation for the first time requires companies to disclose CEOs’ pay in comparison to the median employee salary range.