CEO pay is already public. And this is going to end up on page 37 of a companies 68 page annual report.
And then there is this....
> Under the Securities and Exchange Commission's final rules, companies will get some flexibility in how they find the median. For instance, they can exclude 5 percent of their overseas workers when arriving at the number and use statistical sampling.
Companies can also use sampling to estimate median pay and they only have to recalculate this once every three years.
It looks like a company can cherry pick who they deem to be workers and what they consider pay.
This just seems like Elizabeth Warren trying to make political gains.
Or put another way. Apple releases earnings and we find that Tim Cook has one of the largest wage gaps due to him being paid in stock that is soaring in price and AAPL having so many apple store employees that bring down their median pay.
Are people going to suddenly stop investing in AAPL or demand change because of this? Will anyone notice at all?