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Pay Disclosure Presents PR Challenge for C-Suite

In addition to potentially embarrassing companies that report gargantuan wage gaps, advocates for disclosure say that pay transparency will embolden employees to demand higher wages.

By Jack Craver | Updated on March 14, 2018

Labor activists are hoping that a newly implemented provision of the Dodd-Frank Act will lead to a national reckoning over the wage gap between corporate executives and rank-and-file workers.

Although Dodd-Frank was passed in 2010, this is the first year that companies will have to comply by a provision of the law that requires publicly traded corporations to disclose how much more their CEO makes than the median employee.

In addition to potentially embarrassing companies that report gargantuan wage gaps, advocates for disclosure say that pay transparency will embolden employees to demand higher wages. It’s about time, they argue, considering how wages have lagged behind economic growth in recent years.

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