September 13, 2010
CEOs at Firms with Most Layoffs Earn More than the S&P 500 Average
by Robert Kropp
A report from the Institute for Policy Studies finds pay disparity greatest at companies that have
laid off the most employees.
The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law in July, contains
several provisions addressing corporate governance, including one that provides for mandatory
nonbinding shareowner votes on executive compensation. Another provision, sponsored by Senator
Robert Menendez of New Jersey, requires companies to disclose the ratio between CEO compensation
and the pay of an average employee.