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I'm pretty sure most companies would want to make median pay appear as low as possible when making SEC filings. Investors hate high labor costs.
by jdavis703 9y ago
I'm pretty sure most companies would want to make median pay appear as low as possible when making SEC filings. Investors hate high labor costs.
- mrleiter 9y agoI would agree in regards to SEC filings, but I'm not sure this comes from an SEC filing? Also, do you have to state median pay in such a filing?
- kss238 9y agoI don't think companies are required to and this statement from the WSj article: >the fourth-highest pay among the hundreds of companies in the S&P 500 index that have disclosed those figures. seems to imply that it is not.
- desdiv 9y agoThis article seems to suggest it's mandatory for public companies: >As Congress chips away at bank regulations established by the 2010 Dodd-Frank law, another part of the measure is exposing the extreme income inequality between bosses and their workers. >The law requires publicly traded companies to calculate the ratio of their chief executive officer’s compensation to the median pay of the companies’ employees. After a series of delays, firms are finally disclosing their pay ratios in filings with the Securities and Exchange Commission. [0] [0] https://www.huffingtonpost.com/entry/ceo-pay-disclosure_us_5aa6da18e4b03c9edfae9aec https://www.huffingtonpost.com/entry/ceo-pay-disclosure_us_5...
- jdavis703 9y agoYou're right, I suspect this article is based off of new federal requirements that companies report employee vs. CEO pay disparities [0]. 0: https://www.sfgate.com/business/networth/article/Yes-median-pay-at-Facebook-really-is-about-12870786.php?t=4bd335ea10 https://www.sfgate.com/business/networth/article/Yes-median-...