Cheryl Wilke Discusses Dodd-Frank Mandate Requiring Disclosure of CEO Pay in Florida Trend
Hinshaw's Cheryl Wilke, Partner-in-Charge of the firm's Ft. Lauderdale office, was quoted in the article "CEO Pay in Florida" published by Florida Trend. The article discusses the federal mandate under the Dodd-Frank law that requires public companies to divulge CEO pay. Although we've known for decades what CEOs make, this mandate provides additional insight into executive compensation by highlighting how CEO pay compares to the median income earned by employees.
Wilke acknowledges that the disclosures have "stirred discussions about fair pay and pay equality," and believes questions from employees, particularly those earning less than the median, are likely. She also warns against trying to compare median salaries and ratios among companies, because even "within an organization it can be apples to suspenders."
Read "CEO Pay in Florida," in the July 2018 edition of Florida Trend on their website (subscription may be required)