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Publicly traded U.S. companies have started to disclose how the pay of their CEOs compares to the compensation of their median employees (the so-called "pay ratio"). The disclosure is required, beginning this year, by the Dodd-Frank financial reform act.
"We are now in the throes of the first proxy season in which U.S. public companies are required to disclose their CEO-to-median-employee pay ratios," and a significant number of proxy statements with the new disclosure are now publicly available, said Deb Lifshey, a managing director of Pearl Meyer, a pay consultancy based in New York City.
Pearl Meyer's CEO Pay Ratio Watch webpage is tracking and reporting pay-ratio data from employer proxy statements by industry and size, and Lifshey commented on the findings as of mid-March.