It’s pay ratio time, and we’re here to show you which CEOs in Greater Washington had the biggest salaries compared with their companies’ averages in 2020.
By now you should know one of the features regularly included in public company Securities and Exchange Commission filings is the CEO pay ratio. Mandated in the 2008 Dodd-Frank Act, it requires companies to go a step further than simply listing the compensation of their highest-paid executives to also show how much a median employee of the company is compensated, and exactly how that compares with the CEO’s pay.
You can find these tucked away in a company’s annual proxy report, which also includes executive compensation data. Some companies still don’t have to report it: If it has revenue under $1 billion up to five years after an initial public offering, or if it has under $75 million worth of stock that isn’t held by management or major investors, then a company may be exempt from the rule. The same goes for foreign private…
Read the full story from the Washington Business Journal.
