This Year’s Widest Pay-Versus-Performance Disparities
Jury is still out on the impact of the compensation rule.
Year two of the Securities and Exchange Commission’s pay-versus-performance disclosure is in the books for most public companies, but how the data will be used remains to be seen. Even so, next year, companies will need to provide much more expansive disclosures under the rule.
The new executive compensation figures often vary widely from those already required to be reported in the firm’s proxy statement under the summary compensation table, according to data from the public company intelligence provider MyLogIQ.
… Still, the compensation actually paid figures can paint a completely different pay picture than those in the summary compensation table, which was adopted in 1992, with subsequent revisions. Tesla, for example, reported that CEO Elon Musk earned $0 last year in the table. But his compensation actually paid shows $1.4 billion. This was the widest disparity among Russell 1000 companies, according to the MyLogIQ data.
