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Emma Walmsley is the first female CEO for giant pharmaceutical company GlaxoSmithKlein. A story from Bloomberg News this past week indicated that Ms. Walmsley would be earning less than her predecessor Andrew Witty. This compensation difference may add to the debate on pay equity, though observers point out that when he started, Mr. Witty was also paid less than the previous incumbent.

Date: March 14, 2017

Source: globeandmail.com

Link: http://www.theglobeandmail.com/report-on-business/international-business/glaxosmithkline-to-pay-first-female-ceo-emma-walmsley-less-than-predecessor/article34299909/

Discussion Points:

1) As a commerce student, getting ready to enter the workforce, what is your perspective on the pay equity question?

2)  Do you think accountants have a role to play in pay equity discussions?

3)  What does accounting theory teach us about CEO compensation?

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