October 19, 2015
Study: Female CEOs Not Paid As Much Male Counterparts
– Broc Romanek, CompensationStandards.com
Here’s an excerpt from this Washington Post article:
Pay for performance — the concept that corporate executives earn gobs of stock grants when they perform well, but risk them if their company disappoints — should be a great leveler when it comes to executive pay. In theory, it creates a meritocracy. If the idea is to tie executives’ pay to shareholders’ results, then there should be no difference if the chief executive or chief financial officer is male or female.
But it doesn’t quite work that way, according to a recent study by a researcher at the Federal Reserve Bank of New York and two academic colleagues. The researchers, whose study was published in March, said they found three new facts that show how much pay still differs for men and women on the job, even at the very top of the house.