Target fell short of financial performance and shareholder return goals over the previous three years limiting equity award payouts.
  • loonsun@sh.itjust.works
    2·
    16 hours ago

    Yeah I’m doing work today so I can get you the exact figure. So this is kind of a composite of different research as we have two points here:

    • heightened pay disparity leads to all the outcomes I described earlier (Wilkinson, R. & Pickett, K. 2020; Bloom, 1999; Bloom & Michel, 2002)
    • research assessing what this level of disparity looks like in companies for CEO pay (n= 55,238, 45 countries sampled) shows that individuals roughly find justifiable pay should be between 5-10x the lowest paid employee. So if you have your lowest paid employee making 75k the CEO should only make a maximum of 750k to keep a level of perceived equity. (Kiatpongsan & Norton, 2014)