Pay No Attention to the Inequality Behind the Curtain! Corporate critics cry foul when SEC releases CEO pay data.

Source: John Miller, Dollars and Sense, no. 337, July/August 2018

It could have been a scene straight out of The Wizard of Oz.

This spring the Securities and Exchange Commission (SEC) began releasing data that exposes the unthinkably high ratio of CEO pay to that of their employees—4,987-to-one in one case. Then corporate critics shouted in near unison to pay no attention to those figures behind the curtain: They are misleading, ginned up merely to inflame class hatred, and sure to be a real downer for workplace morale. But despite the complaints of the defenders of the status quo, the SEC figures accurately portray just how unequal U.S. corporate compensation has become.