FROM THE EDITOR
High CEO-Employee Pay Gap Ratio Is Bad Business
New research finds that when lopsided pay ratios between C-suite and worker compensation make the news, sales drop as consumers are “significantly less likely to buy from companies with high CEO pay ratios,” reports the Wall Street Journal. These ratios will be making big news this year, following a mandate by the SEC that now requires public U.S. companies to disclose how much their chief executive officers are paid in comparison to the median pay of their company’s employees. That average ratio has climbed to more than 300 to 1 from 30 to 1 over the past 40 years. Researchers predict a hit to the bottom lines of companies with large corporate pay ratio gaps while “companies with low ratios could take this opportunity to trumpet that fact to consumers” and potentially increase sales and profits.
John Howell, Editorial Director
(3BLMedia/theCSRfeed) (Madison, WI, December 15, 2009) – Leonardo Academy announced today that it will hold a webinar on December 17 to present and discuss their recently-released white paper, “Defining Forest Sequestration Impacts...read more
(3BLMedia/theCSRfeed) December 15, 2009 - Many of the most transparent retailers and brands report that 40-50% of their factories are either in remediation or considered medium risks. Moreover, this has not changed much over the past...read more
(3BLMedia/theCSRfeed) Carbondale, CO - December 2, 2009 - Community service is a core value and has been a way of life at CRMS since its inception in 1953. John Holden said, “It is my firm belief that the happiest people in the world...read more
(3BLMedia/theCSRfeed) Beijing, China – 17 November 2009 – Marking a significant step toward the deployment of “cleaner coal” technology in China, GE and Shenhua Group Corporation today announced that they have agreed to a...read more