If you’re among the roughly half of all Americans who don’t own stock, you may not care that April is the peak of proxy filing for stockholders. But if you have a 401(k) or investments in a pension or mutual fund, you do own stock and therefore have some say in the operations of the biggest corporations in the world.
This year you may want to pay a little extra attention. Eye-popping new information about outsized CEO pay is coming out in proxy statements filed with the Securities and Exchange Commission (SEC). Last year’s SEC rule mandated by Dodd-Frank Wall Street reform legislation for the first time requires companies to disclose CEOs’ pay in comparison to the median employee salary range.