New Salary Thresholds On The Horizon

The U.S. Department of Labor (DOL) again seeks to increase the salary required to maintain a so-called "white-collar" exemption under the Fair Labor Standards Act (FLSA). On March 7, 2019, it announced its Notice of Proposed Rulemaking (Proposed Rule) to update the regulations and requirements under the FLSA for such executive, administrative and professional employees to be exempt from overtime requirements. READ MORE

C.E.O. Pay, America’s Economic ‘Miracle’

Annual-meeting season is unfolding for corporations, and the script is playing out as usual — chief executive officers will get their way. They may endure the verbal lashings of a couple of shareholders, perhaps face a slightly embarrassing “say on pay” vote about their princely income and then intone that after careful analysis, a compensation committee, advised by experts, unanimously approved their ridiculous pay package. READ MORE

Any day now, expect the AFL-CIO to produce another hugely inflated CEO-to-worker pay ratio, debunked in advance

Any day now, the AFL-CIO will report its annual CEO-to-worker pay ratio for 2018 based on a series of flawed statistical assumptions that results in a rather meaningless apples-to-oranges comparison and a wildly inflated ratio. See the labor oranization’s press release last year for CEO pay in 2017 and my criticisms of the AFL-CIO Executive Paywatch report here. READ MORE