Pursuits
These Retailers Make Bank CEO Pay Look Modest
- New SEC rule compares compensation with that of median worker
- Goldman's Blankfein could look better than TJX's Meyrowitz
CEOs Make How Much? Pay Ratios Target Income Inequality
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Retail executives with hefty pay packages and plenty of low-wage employees could end up looking worse than bank leaders when the rule requiring companies to report the gap between their chief executive officer and their median worker goes into effect.
TJX Cos. CEO Carol Meyrowitz and CVS Health Corp.’s Larry Merlo each received reported compensation of more than $28 million last year, topping the CEOs of Goldman Sachs Group Inc. and Morgan Stanley, according to company filings. Those pay packages, among the highest in the retail industry, could look more lopsided when juxtaposed with the paychecks of their workers, which are a fraction of what most bankers earn.