March 27, 2017
Does Say-on-Pay Reduce and/or “Compress” Pay?
– Broc Romanek
Here’s the teaser for this Pay Governance memo by Ira Kay, Blaine Martin & Clement Ma:
After 5 years of SOP votes, it is now possible to review the pre- and post-SOP statistical impact on CEO compensation. With sufficient historical data post-SOP, we answer 2 fundamental questions regarding this legislation’s consequences:
1. Did the amount of S&P 500 CEO pay decline since SOP (2011)?
2. Does the CEO labor market structure have a more compressed compensation range post-SOP?