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> Income Inequality and the CEO Pay Ratio at TJX Cos

商品編號: 9-120-063
出版日期: 2019/12/15
作者姓名:
Rouen, Ethan;Furukawa, Akari
商品類別: General management
商品規格: 18p

再版日期: 2020/05/27
地域:
產業:
個案年度: -  

 


商品敘述:

TJX Companies reported a CEO pay ratio of 1,596-to-1 in 2019, leaving board chair Carol Meyrowitz with a host of questions about whether, and how, she could take action to address concerns raised by having one of the highest pay ratios in the S&P 500. As a retail company, TJX had 270,000 employees, many making about $10 an hour. On the other hand, CEO Ernie Hermann made $19 million in 2019 as he successfully steered the company through the tumultuous retail environment. Meant to be read in tandem with the research note "Income Inequity and Income Inequality," this case examines the current disclosures companies make related to income inequality and asks whether they are sufficient or how they can be improved. This discussion around disclosure also provides opportunities to examine the role of the firm in creating income inequality and how the firm should balance its obligations to shareholders and employees when those obligations may be in conflict. Lastly, the case and note address the CEO pay setting process to give students an understanding of how pay is determined.


涵蓋領域:

Annual reports and financial statements;Compensation and benefits;Corporate disclosure;Executive compensation;Social and global issues;Stakeholder relations;Financial statements


相關資料:

Case Teaching Note, (5-120-116), 7p, by Ethan Rouen;
Spreadsheet Supplement, (9-120-117), 0p, by Ethan Rouen