Companies Must Disclose CEO-to-Worker Pay Ratios Under SEC Proposal

July 19, 2013
compensation disclosure regulation

  • July 19, 2013 at 1:46 pm
    Sue Me Too says:
    Hot debate. What do you think?
    Thumb up 32
    Thumb down 25

    Welcome to Obama’s Socialist Paradise! How would the AFL-CIO like to require dislosure of the $47.50 an hour (once benefits & retirement are counted) those union guys are getting for leaning on brooms while waiting for quitting time?

    • July 19, 2013 at 2:27 pm
      Agent says:
      Well-loved. Like or Dislike:
      Thumb up 26
      Thumb down 13

      Do you think the union bosses want the rank and file members to know how much they are making in salary and benefits and how they are spending the dues money on a political agenda. Hey, Jimmy Hoffa, Jr. How much do you make? What is your golden parachute worth? If the members find out, they may have him join his daddy as part of a building foundation.

  • July 19, 2013 at 1:47 pm
    Sarah says:
    Poorly-rated. Like or Dislike:
    Thumb up 33
    Thumb down 43

    Hidden due to low comment rating. Click here to see.

    • July 22, 2013 at 1:56 pm
      Nebraskan says:
      Like or Dislike:
      Thumb up 8
      Thumb down 6

      Yeah, lazy-bones! Who cares if the company only has one CEO position but 4 open positions for janitors! Who needs a clean building anyways!? Quit your complaining, you hourly, tax paying, complainers! Your lack of ambition is this country’s problem!

      Good for you, Sarah. It’s about time someone told the truth!

      • July 22, 2013 at 2:29 pm
        Libby says:
        Like or Dislike:
        Thumb up 9
        Thumb down 1

        NE, tell me you’re not being serious!

        • July 22, 2013 at 4:35 pm
          Nebraskan says:
          Like or Dislike:
          Thumb up 10
          Thumb down 1

          :)

          Not at all.

          • July 22, 2013 at 4:35 pm
            Nebraskan says:
            Well-loved. Like or Dislike:
            Thumb up 11
            Thumb down 0

            Just to clarify, I’m not at all serious.

          • July 23, 2013 at 9:52 am
            Libby says:
            Like or Dislike:
            Thumb up 7
            Thumb down 1

            You had me scared for a minute!

      • July 23, 2013 at 8:05 am
        jw says:
        Like or Dislike:
        Thumb up 8
        Thumb down 0

        Sarcasm, the great equalizer! Love it!!

    • July 23, 2013 at 12:21 pm
      Don't Call Me Shirley says:
      Well-loved. Like or Dislike:
      Thumb up 12
      Thumb down 0

      So you think that business owners are “Socialist Libtards”? The stockholders are the OWNERS of the business, and they have every right to know what is going on in THEIR business. It is their business. I didn’t realize that you were against business ownership. It seems that you are the socialist.

      As far as “success envy idiots..too lazy to do anything about it.” I’ve worked hard since I was a kid, served my country, and put myself through college. I didn’t get the free handouts from a rich mommy and daddy. I guarantee there is not a CEO on the planet who does 200 times the work or add 200 times the value that I provide. Maybe they do more than I do, but it sure isn’t 200 times as much.

  • July 19, 2013 at 1:54 pm
    Huh! says:
    Well-loved. Like or Dislike:
    Thumb up 33
    Thumb down 7

    If CEOs are making 207 times more than the average employee, then cutting the CEO salary and benefits would probably increase the profitability of the company. Salary and payroll inequities have been part of the workplace since Esau sold his birthright to get a bite to eat. Longevity does not equate to equitable or reasonable.

    • July 24, 2013 at 11:41 am
      Sue Me Too says:
      Like or Dislike:
      Thumb up 5
      Thumb down 3

      Then if you’re so doggone smart, why aren’t you a CEO? With your fairytale vision of fairness, how come Ben & Jerry’s Ice Cream couldn’t get a decent CEO who would live with their salary range limited to a multiple of rank-and-file pay? There are probably 0.0001% as many competent CEO’s as there are good janitors. In hiring, can you possibly conceive supply and demand based on competency? Oh, I forgot that unions prohibit that.

  • July 19, 2013 at 1:55 pm
    FFA says:
    Hot debate. What do you think?
    Thumb up 13
    Thumb down 9

    So much for privacy. The be all you can be dream being made public.

    • July 23, 2013 at 12:24 pm
      Don't Call Me Shirley says:
      Like or Dislike:
      Thumb up 8
      Thumb down 1

      So you think that business owners (e.g. stockholders) don’t have the right to know what’s going on in their company? They don’t have the right to know how much they’re paying their top executives? Really?

  • July 19, 2013 at 2:01 pm
    glassflower says:
    Well-loved. Like or Dislike:
    Thumb up 31
    Thumb down 7

    CEOs earnings and bonuses are already available for my company. The knowledge of his exhorbitant salary and bonuses (and private jet) do not make me work harder or make me happier. Just what employees are they going to compare the CEOs earning with? Mailroom staff, Janitorial, Clerical, Executive? Each would give a very different answer. Seems like a pointless exercise.

  • July 19, 2013 at 2:20 pm
    Jon says:
    Well-loved. Like or Dislike:
    Thumb up 33
    Thumb down 10

    Frankly, I’m in favor of it. Some companies already do this (Costco, for example) whilst the majority do not.

    Why do corporations want to avoid this?

    Because every time the CEO/Board decides to screw over the rank & file in cut benefits/reduced or no raises, while maintaining a ridiculously high salary and wage increase, they’ll look like the jackholes they are.

    And maybe, just maybe, these people will start acting like the leaders and servants of the company they are supposed to be, rather than planning on jumping ship to the next big payout.

    • July 22, 2013 at 10:38 am
      Whodathunkit? says:
      Like or Dislike:
      Thumb up 2
      Thumb down 8

      How about becasue it’s a meaningless number.

  • July 19, 2013 at 2:39 pm
    Rusty says:
    Hot debate. What do you think?
    Thumb up 22
    Thumb down 16

    Next step will be regulation of executive pay – i.e., cannot exceed a certain persentage of rank and file salaries – just another nail in teh coffin of free market capitalism.

    • July 23, 2013 at 12:27 pm
      Don't Call Me Shirley says:
      Like or Dislike:
      Thumb up 12
      Thumb down 3

      This is not “free market capitalism” and hasn’t been for a long time. The market has been hijacked by a handfull of people who decide to pay each other exhorbitant salaries and bonuses. That is not the “free market” making the decisions.

  • July 19, 2013 at 3:25 pm
    InsGuy says:
    Well-loved. Like or Dislike:
    Thumb up 14
    Thumb down 2

    Really – such a waste of effort for a public company.

    If the average Joe wants to compare, all they have to do is look at the annual proxy statement filed each April or May. Those usually recap the Executive Compensation “say on pay” details.

  • July 19, 2013 at 3:44 pm
    InsGuy says:
    Well-loved. Like or Dislike:
    Thumb up 25
    Thumb down 0

    Besides, if they really want to do something beneficial, why not a “say on pay” law for publicly elected officials. Wouldn’t be too hard to add a municipal, state or federal “proxy” statment for the top 5 elected officials, with an extra box for yea/nay on a COLA Adjustment for the Reps/Senators on an election ballot every 2-4 years.

  • July 19, 2013 at 4:23 pm
    Dave says:
    Well-loved. Like or Dislike:
    Thumb up 21
    Thumb down 7

    Every public company already declares their CEO’s (and many other higher up’s) pay. What does this accomplish? Another example of stupid regulations and stupid waste of lawmaker’s time when they should be focusing on what’s wrong with the economy and why we have $17 trillion in debt and are adding $1.2 trillion to that every year. Why not fix that instead of wastiing time on stupid crap like this?

    • July 23, 2013 at 12:30 pm
      Don't Call Me Shirley says:
      Like or Dislike:
      Thumb up 4
      Thumb down 4

      Why not fix that? Because they’re too busy arguing about birth control and right to choice.

  • July 19, 2013 at 6:06 pm
    No Doubt says:
    Well-loved. Like or Dislike:
    Thumb up 18
    Thumb down 5

    The problem with this is that the underlying assumption is that there is something wrong with executive pay levels. It also ignores non profits, private companies or rich individauls like sports figures or celebrities-when was the last time you heard anyone complaining about how much Johnny Depp or Brad Pitt makes relative to a small time SAG actor who has to work several part time jobs to make that months rent payment?
    Personally, to me, it means that your company is financially able to hire the best, then it means that you have a better chance of outperforming the competition then having to settle for someone who is the worst paid in your industry.

  • July 21, 2013 at 11:40 am
    Old Lawman says:
    Well-loved. Like or Dislike:
    Thumb up 21
    Thumb down 3

    Lets take this nobel idea one step further. Lets make it a law that All in public office must disclose ALL of their sources of income. At the same time disclose the number of days at work vs the number of days on holiday. They must also disclose the amount of time that they spend in their local offices. This will make it transparent and all of the voters can see just how hard at work or elected officials are working. I know of one NY pol who will log in a great deal of time infront of a microphone on Sundays. We the adverage voter then can see how close our income compares with theirs.

  • July 22, 2013 at 9:39 am
    Sarah says:
    Well-loved. Like or Dislike:
    Thumb up 30
    Thumb down 17

    Liberal success envy on display. So you think the guy with the Harvard MBA who borrowed money to get there, who worked his way up in a company, Then was hired by another company to run it because he showed such leadership skills and great performance should in anyway be compared to the guy who sat on the shelf who sits in his office chair and showed no ambition and or leadership skills? Comon man!

    This is liberal class warfare on display. How about becoming a republican and accept some accountability, responsibility for your own financial future instead of blaming others (republicans) for your own financial failures.

    • July 22, 2013 at 12:08 pm
      Not necessarily, Sarah says:
      Well-loved. Like or Dislike:
      Thumb up 18
      Thumb down 6

      Your description of the Harvard MBA probably would not get anyones panties in a bunch. It’s the CEOs that step on everyone else while they are there, forgetting that the “liberal class” are the ones that actually do the work to the benefit of the company.

      As for becoming a republican, what makes you think that party is really better than any other? Wasn’t it the republicans in the majority when all the bubbles burst, and before?

    • July 22, 2013 at 4:25 pm
      Got Insurance? says:
      Like or Dislike:
      Thumb up 9
      Thumb down 1

      It’s not always a one way liberal street Sarah……sometimes you have people showing ambition and leadership and receiving may accolades and developing a great professional reputation, but the people/company/CEO’s that you are working for don’t really seem to care about anything except their bottom line or the bottom line of a company. I have seen it many many times.

    • July 22, 2013 at 4:52 pm
      youngin' says:
      Like or Dislike:
      Thumb up 9
      Thumb down 1

      Sarah’s idea of a typical CEO’s background clearly demonstrates the fantasy world she lives in.

  • July 22, 2013 at 12:10 pm
    Adam says:
    Like or Dislike:
    Thumb up 4
    Thumb down 4

    If it’s wrong for the State to compel a person to disclose how much he earns, why is it ok to compel a company to do so, especially if it’s to serving a political agenda? That does not pass constitutional muster. It’s healthy for a company to scrutinize its executive compensation structure. However, this information is already publicly available and the ends don’t justify the means.

  • July 22, 2013 at 12:29 pm
    Libby says:
    Well-loved. Like or Dislike:
    Thumb up 19
    Thumb down 4

    “Across the Standard & Poor’s 500 Index of companies, the average multiple of CEO compensation to that of rank-and-file workers is 204, up 20 percent since 2009.”

    Who else here has gotten a 20% raise since 2009? We’re lucky to just have a job, let alone a raise, let alone a 20% raise. What have these CEO’s done to deserve this?

    It’s different if you own your own company. You can pay yourself whatever you want to. But when you’re dabbling with other people’s money on the stock market, you should be held accountable.



Add a Comment

Your email address will not be published. Required fields are marked *

*

More News
More News Features