Median CEO pay is 129 times higher than NC median wage
06/13/2014 3:21 PM
06/16/2014 7:48 AM
The gap between what CEOs and workers earn in North Carolina widened in 2013.
The median CEO pay was 129 times higher than the median worker pay in North Carolina. That’s up from 2012, when the median CEO pay package was 113 times higher than the median wage.
The median wage for all workers in North Carolina rose 1 percent last year, to $31,850.
A Securities and Exchange Commission rule that would require companies to disclose their individual ratios between how much they pay their CEO and their median employee pay has been pending for years. Companies have resisted, arguing that it’s complicated to compute the ratio for different types of workers, some of whom are temporary, part-time or employed abroad.
The regulation could take effect by 2016, experts say, depending on how long it takes to finish the final rule.
Some experts say the rule could shine a light on companies that are overpaying their executives. But others doubt that the new rule will actually change what companies pay.
“What are you going to do, cut the CEO’s pay two-thirds to make it a ratio of 100 to 1?” said Steven Hall, a compensation consultant. “I don’t think so.” Ely Portillo
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