The SEC recently voted to require employers to disclose the pay gap between the CEO and his or her employees. Unions, investors, and other groups have increasingly been using this disparity to attack companies. As Fortune calmly pointed out:
The rule is well intentioned. CEO pay in 2014 was an eye-popping 373 times that of an average worker, according to data compiled by the AFL-CIO, and a sharp rise from 331 times in 2013. This imbalance contributes to America’s growing wealth gap and accompanying social and political inequities. Requiring companies, especially large public corporations, to disclose how richly their CEOs are paid would provide valuable information for shareholders and possibly help the larger national debate about economic fairness. WSJ the Big Flaw in the SEC’s Pay Ratio Rule.
I love reading the Economist and they justified my appreciation with an August 9 Obituary on Warren Bennis, who they rightly described as “the world’s most important thinker on the subject that business leaders care about more than any other: themselves.”
Location and price generally control office-space decisions. Even if you construct a new building or do extensive build-out, you probably have not devoted much consideration to whether your new space meets OSHA requirements.
Although Americans have celebrated some sort of Thanksgiving since 1661, Abraham Lincoln established Thanksgiving as a national holiday by proclamation on November 28, 1861. The Thanksgiving holiday takes on more meaning when one considers that an American people so exhausted by war, nonetheless gathered together to offer thanks.
Fran Sepler recently posted an insightful blog, “I’m Sort of Sorry: Coaching the High Level Harasser” discussing coaching a high-level performer regarding harassment, poor behavior or insensitivity. It takes wisdom and experience to deal with an executive who controls valuable business or can fire you if your message is displeasing.
MLB.com ran a story on Monday about how Cardinals Coach Mike Matheny learned all that he could from various corporate leaders about “servant leadership” during the period between when concussions prematurely ended his career and when he took the helm of the storied cardinals. MLB.com acknowledges that Matheny inherited a the vaunted “Cardinal’s way” and a team fresh off of World series success, but he also has had to use a revolving list of rookies who have stepped up.
When beginning a new venture and purchasing or renting an office or building space, many small business owners assume there are no safety or health issues or that those issues are handled by the seller or rental management agent. Such an assumption is wrong and, in many cases, could result in the small business owner being faced with significant OSHA penalties for safety and health violations. Every entrepreneur needs to realize that once he or she starts their new venture and hire their first employee, they are automatically covered under the Occupational Safety and Health Act of 1970 and subject to safety and health inspections by Compliance Officers with OSHA. In addition, depending on the state in which the new business is started, there may be additional safety and health laws which have been promulgated by that particular state or local government entity. Thus, all entrepreneurs must determine, as part of any start-up operation, to review the OSHA safety and health standards, as well as the state and local safety and health standards, that might be applicable to their particular operation or work site.