Illinois firms must reveal CEO- to - worker pay ratio's.
As leader in worst managed state in the union
here are pay realities in which all general voters consciousness must vote upon?
- Which method can be used to find the median paid employee? Companies have flexibility to choose methodology to identify the median employee, which can actually complicate the process. The SEC allows companies to use statistical sampling, reasonable estimates, or just choose to use certain pieces of compensation that are easily identifiable (e.g., payroll or W-2 compensation). However, any methodology used must be explained in the proxy and must be reasonable.
- How is the median employee’s pay reported? Once the median employee is identified, the job is still not complete. That employee’s pay must be recalculated as if the employee were to be in the summary compensation table (SCT) of a proxy statement.
- Public companies must now disclose the pay gap between CEO'S and Employees.
These ratios vary widely given size, industry and other factors.
(Source - Chicago Tribune business Section 2 page 5 - 04/29/18.
Illinois Tool Works
CEO pay (millions) $17.1
Company ratio
420 to 1
Median Employee pay
$40,738.00
Mondelaz
CEO pay (millions) $17.3
Company ratio
403 to 1
Median Employee pay
$42,893.00
Baxter
CEO pay (millions) $14.9+
Company ratio
355 to 1
Median Employee pay
$42,008.00
ADM
CEO pay (millions) $15.9
Company ratio
276 to 1
Median Employee pay
$57,345.00
SEARS
CEO pay (millions) $4.3
Company ratio
264 to 1
Median Employee pay
$16,442.00
Abbott
CEO pay (millions) $19.0
Company ratio
251 to 1
Median Employee pay
$75,679.00
Allstate
CEO pay (millions) $18.8
Company ratio
230 to 1
Median Employee pay
$81,573.00
Discover
CEO pay (millions) $10.3
Company ratio
213 to 1
Median Employee pay
$48,155.00
Boeing
CEO pay (millions) $12.4
pending substantial increase within executive office fleet orders.
Company ratio
166 to 1
Median Employee pay
$111,204.00
AbbVie
CEO pay (millions) $22.6
Company ratio
144 to 1
Median Employee pay
$157,347.00
Exelon
CEO pay (millions) $14.9
Company ratio
127 to 1
Median Employee pay
$117.176.00
United Airlines
CEO pay (millions) $9.6
Company ratio
115 to 1
Median Employee pay
$83,122.00
US Foods
CEO pay (millions) $8.1
Company ratio
113 to 1
Median Employee pay
$72, 142.00
WW Grainger
CEO pay (millions) $7.2
Company ratio
113 to 1
Median Employee pay
$63,577.00
Kraft Heinz
CEO pay (millions) $4.2
Company ratio
91 to 1
Median Employee pay
$46,006.00
McDonald's
CEO pay (millions) $21.8
Company Part time ratio
3,101 to 1
Median Employee pay
$7,017.00