Since circulating the paper on optimal CEO compensation, the following developments have taken the world:
1. The paper has been heavily downloaded around the world.
2. Countries like USA and India have required companies to report the ratio of CEO pay to employee pay in regular quarterly statements filed with the security and exchange commissions.
3. Some countries have sought referendum of voters in support for a maximum ratio of CEO median pay in a company.
4. The state of Califirnia in USA is moving forward to give tax cuts to companies with moderate of CEO pay to median employee pay.