Steve Quinlivan Quoted in CBS News Story on Executive Pay Comparisons
Stinson Leonard Street partner Steve Quinlivan is quoted in a CBS News "Money Watch" story on new requirements for public companies to compare the compensation of their chief executive officers to the salary of the median employees in annual Securities Exchange Commission filings.
In the early stages of reporting, the data shows CEOs make hundreds of times more than average workers, but there are factors that can make the data misleading and difficult to draw conclusions from. For example, the calculations can often include unrealized options that executives may not ever be paid, Quinlivan said.
"There was a lot of concern about how you actually calculate these numbers with companies that have complex workforces throughout the world and even the U.S.," Steve says.
Steve practices in the firm's Minneapolis office. He practices primarily in the areas of mergers and acquisitions, REITs, sports law, securities and international transactions. He also has significant experience counseling boards of directors in corporate governance and liability-related issues.
Read the full story: "How the new CEO-to-worker pay ratios can mislead."