The difference is not as stark in Britain, but has nevertheless increased significantly in recent years. And the salary of Martin Sorrell, the head of the advertising giant WPP, regularly attracts pushback from shareholders. In addition to forcing the publication of pay ratios, officials would set up a public register listing companies that faced opposition on pay packages from at least a fifth of shareholders. There is no punishment for failing to do so, but companies would have to announce why they had not followed the requirements. “Regulation can only take you so far because a lot of these issues are around organizational culture and leadership.”

Source: New York Times August 29, 2017 19:18 UTC