Microsoft Corp. and CVS Health Corp. are among a handful of companies that have pledged under investor pressure to explain how their chief executive officer’s pay factors in pay for the rest of the workforce.
New York State’s pension fund is calling on companies to disclose the information on worker pay that Microsoft, CVS, Macy’s Inc., TJX Companies Inc., and Salesforce.com Inc. have pledged to provide. Archer-Daniels-Midland Co. and several other companies the fund invests in face a similar request.
“We’ve seen a growing disparity in corporate income in the United States for years, with CEO pay rising dramatically while ...
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