Some CEOs at Idaho’s nine largest publicly traded companies took home hundreds of times more than their median workers earned in 2023, records reviewed by the Idaho Statesman show.
Most publicly traded companies are required to disclose their CEOs’ pay in annual proxy statements provided to shareholders and filed for public viewing online at the U.S Securities and Exchange Commission. In 2018, under the Dodd-Frank banking regulation law, the companies also had to begin disclosing how much their CEOs are paid compared with the median employee — the worker closest to halfway between the highest- and lowest-paid, excluding the CEO.
The CEOs’ multimillion-dollar compensation packages typically include salary, bonuses, stocks, options and more. The nonsalary portions typically make up most of their pay and often rise or fall based on stock prices, performance-based awards and other factors, resulting in sometimes dramatic changes in total compensation from one year to the next…