{"id":28968,"date":"2015-08-06T05:33:03","date_gmt":"2015-08-06T03:33:03","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=28968"},"modified":"2015-08-06T16:46:19","modified_gmt":"2015-08-06T14:46:19","slug":"28968","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/28968\/","title":{"rendered":"CEO Worker Pay Ratios"},"content":{"rendered":"

Drew Harwell writes; \u00a0<\/strong>Thousands of public U.S. companies are likely to soon be forced to share a number many would rather keep under wraps: how much more their chief executives make than their typical rank-and-file employees.<\/span><\/p>\n

The Securities and Exchange Commission\u00a0 is expected to finalize on Wednesday a long-delayed rule forcing businesses to share\u00a0<\/span>their “pay ratio,” a simple bit of arithmetic that would cast an unprecedented spotlight on one of corporate America’s thorniest\u00a0<\/span>debates.<\/span><\/p>\n

Once the pay-ratio rule is in place, millions of workers will know exactly how their top boss’s payday compares with their own,\u00a0<\/span>revealing a potentially embarrassing disparity in corporate riches that many companies have long fought to keep hidden.<\/span><\/p>\n

While the average American’s pay and benefits have been growing at the slowest pace in 33 years, executive wages have soared.\u00a0<\/span>Fifty years ago, the typical chief executive made $20 for every dollar a worker made; now, that gap is more than $300 to $1, and it’s <\/span>growing.<\/span><\/p>\n

The pay ratio, at the center of years of corporate arm-wrestling, could ratchet up the pressure on big companies to bring\u00a0<\/span>runaway executive pay under control. Boards and shareholders could use it to judge a firm’s high-priced leadership, and customers\u00a0<\/span>could opt to shop at companies where workforce pay seems more fair.<\/span><\/p>\n

The effects could ripple far beyond the corporate suite.<\/span>Out-of-balance pay ratios “will be public shaming, just as all adverse financial results are public shaming,” said Bartlett Naylor, a financial policy advocate with the consumer think tank Public Citizen. “If one reports low returns, skyrocketing expenses, that’s shameful, too. Welcome to capitalism.” \u00a0CEO Worker Pay Ratios<\/strong><\/a><\/p>\n

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\u00a0\"CEO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Drew Harwell writes; \u00a0Thousands of public U.S. companies are likely to soon be forced to share a number many would rather keep under wraps: how much more their chief executives make than their typical rank-and-file employees. The Securities and Exchange … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13,71],"tags":[],"class_list":["post-28968","post","type-post","status-publish","format-standard","hentry","category-finance","category-inequality"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t