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CEO's vs. workers' pay

17 August, 2015 3:11pm

Peter Eavis

The chief executive of General Electric raked in a $US37.3 million pay package last year, a large sum by any standard.

But how much larger was it than the average pay of the 305,000 employees who helped General Electric earn billions in profits that year? The industrial giant did not disclose that comparison, and corporate America rarely reveals how the compensation of the chief executive stacks up against that of the workers in the ranks below.

That will soon change.

After a long delay and plenty of pushback from corporations, the Securities and Exchange Commission approved in 3-2 vote on Wednesday a rule that would require most public companies to regularly reveal the ratio of the chief executive's pay to that of the average employee.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

After a long delay and plenty of pushback from corporations, the Securities and Exchange Commission approved in 3-2 vote on Wednesday a rule that would require most public companies to regularly reveal the ratio of the chief executive's pay to that of the average employee.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

After a long delay and plenty of pushback from corporations, the Securities and Exchange Commission approved in 3-2 vote on Wednesday a rule that would require most public companies to regularly reveal the ratio of the chief executive's pay to that of the average employee.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

After a long delay and plenty of pushback from corporations, the Securities and Exchange Commission approved in 3-2 vote on Wednesday a rule that would require most public companies to regularly reveal the ratio of the chief executive's pay to that of the average employee.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

gainst that of the workers in the ranks below.

That will soon change.

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

earn billions in profits that year? The industrial giant did not disclose that comparison, and corporate America rarely reveals how the compensation of the chief executive stacks up against that of the workers in the ranks below.

That will soon change.

After a long delay and plenty of pushback from corporations, the Securities and Exchange Commission approved in 3-2 vote on Wednesday a rule that would require most public companies to regularly reveal the ratio of the chief ex ..

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

earn billions in profits that year? The industrial giant did not disclose that comparison, and corporate America rarely reveals how the compensation of the chief executive stacks up against that of the workers in the ranks below.

That will soon change.

After a long delay and plenty of pushback from corporations, the Securities and Exchange Commission approved in 3-2 vote on Wednesday a rule that would require most public companies to regularly reveal the ratio of the chief ex ..

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Read more at:
http://economictimes.indiatimes.com/articleshow/48373224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Suggested citation

Eavis, Peter, ' CEO's vs. workers' pay', Evatt Journal, Vol. 14, No. 1, December 2015.<https://evatt.org.au/news/ceos-vs-workers-pay.html>