June 11, 2018
Public Opinion: 47% Favor CEO Pay Caps
– Liz Dunshee
A recent Gallup poll found that opinions of the general public are evenly split when it comes to having federal legislation place a cap on executive pay: 47% favor it – and 48% oppose. This compares to 59% supporting caps in 2009. Pay ratio disclosures might be what’s keeping the level of support relatively high. Here’s an excerpt from the press release:
The focus on high levels of executive pay, however, is still part of the economic discussion – both in the U.S. and abroad. Some of the reported ratios of CEO-to-median worker pay are extremely large, including reports of a CEO’s pay being more than 300 times as high as the pay of the average worker – helping highlight the high executive compensation that is increasingly the norm in large U.S. companies today.