Todd Sirras Featured in New York Post on CEO Salaries
New York Post reported via Reuters today that Chipotle’s CEO makes 1000 times the salary of average worker. It cited new research from job-hunting website Glassdoor.com, which provides an early glimpse of data that publicly traded companies will be required by the Securities and Exchange Commission to report starting in 2017.
According to the the Glassdoor study, the average CEO received $13.8 million, while the median worker at those CEO’s companies made an average of $77,800.
Glassdoor’s findings were in line with other studies, said Todd Sirras, managing director of compensation consulting firm Semler Brossy. He said the new reporting requirements could add pressure on companies to change their executive pay plans.
“It will be one more arrow to sling at companies,” he said.
Read the full article, “Chipotle’s CEO makes 1000x the salary of average worker.“