Some are fighting a plan requiring companies to report the ratio between executive and median employee pay, including wages of overseas workers
Every year an insurer called Protective Life (PL) crunches the numbers for its shareholders to show the cost of pensions promised to executives and derivative instruments used to hedge risk. The calculations are pretty complex. Yet when it comes to figuring out how the total compensation of its chief executive officer compares with the median pay of its employees, Protective wants to take a pass.
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