Curtiss-Wright CEO’s 2024 total pay increases by 35%

Curtiss-Wright disclosed in its SEC filing that in 2024, its median employee earned $73,820 in compensation. This information gives insight into the CEO pay ratio at the company. By comparing the salary of the median employee to that of the CEO, one can gauge the level of income disparity within the organization.

This disclosure of the median employee’s compensation is part of a regulatory requirement implemented by the Securities and Exchange Commission (SEC). The goal of this requirement is to promote transparency and provide stakeholders with a more comprehensive understanding of an organization’s internal pay structure. By revealing how much the median employee earns, companies like Curtiss-Wright are forced to confront any potential discrepancies in pay between top executives and the average worker.

The CEO pay ratio, calculated by dividing the CEO’s total compensation by that of the median employee, serves as a metric for evaluating income inequality within a company. A high CEO pay ratio indicates a significant disparity in pay, with the CEO earning substantially more than the average worker. On the other hand, a low CEO pay ratio suggests a more equitable distribution of compensation within the organization.

Curtiss-Wright’s CEO pay ratio for 2024 has yet to be disclosed, but based on the median employee’s compensation of $73,820, it will be interesting to see how it compares to the salary of the company’s top executive. The revelation of this ratio will shed light on the company’s approach to compensation and its commitment to fair pay practices.

Income inequality is a pressing issue in today’s corporate landscape, with many companies facing scrutiny over the wage gap between executives and employees. By disclosing the median employee’s compensation and calculating the CEO pay ratio, organizations like Curtiss-Wright are taking steps towards greater transparency and accountability in their pay practices.

In conclusion, Curtiss-Wright’s disclosure of its median employee’s compensation provides valuable insight into the company’s internal pay structure. This information, along with the calculation of the CEO pay ratio, serves as a tool for evaluating income inequality within the organization. By promoting transparency and accountability in their pay practices, companies can work towards creating a more equitable work environment for all employees.