We’ve got a whole new ranking of the region’s biggest pay ratios this year, with some new public companies in the mix.
If you’ve read about them before, you know that when we talk about pay ratios, we’re referring to the measured gap between a public company CEO’s total compensation and that company’s median employee salary. These are things that public companies have had to calculate and disclose in their annual proxy reports, since it was mandated in the 2008 Dodd-Frank Act.
There are some exceptions to this reporting that still apply, though. If a company has revenue of less than $1 billion up to five years after its initial public offering, if it has less than $75 million in stock not held by management or other major investors, or if it’s a foreign private issuer, then that company is exempt from the rule.
Since we’re measuring the pay gap between rank-and-file workers and the CEO, certain industries are more likely to get a higher ratio than others, for instance,…
Read the full story from the Washington Business Journal.
