As noted in the chapter, the average compensation for a CEO of an S&P 500 company in
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As noted in the chapter, the average compensation for a CEO of an S&P 500 company in 2017 was $11 million, and CEO pay was 300 times the average worker pay. This contrasts with historic values of between 25 and 40 times the average pay. In 2015 the U.S. Securities and Exchange Commission (SEC) approved a rule mandating that U.S. firms publicly disclose the gap between their CEO annual compensation and the median pay of the firm’s other employees.
a. What are the potentially negative effects of this large and increasing disparity in CEO pay?
b. Do you believe that current executive pay packages are justified? Why or why not?
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a The potentially negative effects of the large and increasing disparity in CEO pay are as follows Employee Discontent and Demotivation When employees ...View the full answer
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