Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

N.Y. State Pension Fund scrutinizes executive pay

Joe Mont | January 7, 2019

New York State Comptroller Thomas  DiNapoli today announced that the New York State Common Retirement Fund has reached agreements with MicrosoftCVSMacy’sThe TJX Companies, and to reexamine their CEO and executive pay “and adopt policies that take into account the compensation of the rest of their workforces.” In response to the agreements, the Fund withdrew its shareholder resolutions with the companies.

“We've seen a growing disparity in corporate income in the United States for years, with CEO pay rising dramatically while wages for most other company employees have remained flat,” DiNapoli said in a statement. “We are...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.