Heading
into 2018, corporate leaders braced for public backlash: For the first time,
thousands of publicly traded U.S. companies would be required by the U.S.
Securities and Exchange Commission to disclose how much their chief executive
officers made compared with their median workers.
Executive compensation has
soared about 1,000 percent since 1978, while real wages for most Americans are
up about 11 percent, according to an Aug. 16 report from the Economic Policy Institute.
Putting a number to that differential was expected to cause outraged headlines
and trigger criticism from investors and consumers on social media. Human
resource chiefs, meanwhile, worried the disclosures would sow discontent among
the rank and file, particularly those paid even less than the median.
By Anders Melin. Bloomgberg Businesweek.
Read more here.
