"The good intentions didn't work; instead they backfired,"
"Based on the majority of my observations - the CEO of company 'A' looked at his competitor at company 'B' and subtly conveyed to his board that he should be worth more,"
"What often bothers very wealthy CEOs - they are human, after all - is that other CEOs are getting even richer. Envy and greed walk hand in hand,"
Rules require public companies to compare CEO compensation to that of the median employee, including salary, benefits, stock, and perks. The rules were adopted after the Great Financial Crisis of 2008 to show how many years the average worker would need to work to match a CEO's annual pay. The disclosure has not curtailed rapid CEO pay growth; instead, comparative data has increased envy among CEOs and encouraged higher compensation as boards respond to inter-company comparisons. The Securities and Exchange Commission specifies methods to identify a median employee and to compute annual pay. In median terms, roughly half of workers earn more and half earn less.
Read at Business Insider
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