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• Supplement | HBS Case Collection | June 2020

  TJX Instructor Exercise

  Ethan Rouen

  Citation:

  Rouen, Ethan. "TJX Instructor Exercise." Harvard Business School Spreadsheet Supplement 120-117, June 2020.  View Details

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• Case | HBS Case Collection | December 2019 (Revised May 2020)

  Income Inequality and the CEO Pay Ratio at TJX Cos

  Ethan Rouen and Akari Furukawa

  TJX Companies reported a CEO pay ratio of 1,596-to-1 in 2019, leaving board chair Carol Meyrowitz with a host of questions about whether, and how, she could take action to address concerns raised by having one of the highest pay ratios in the S&P 500. As a retail company, TJX had 270,000 employees, many making about $10 an hour. On the other hand, CEO Ernie Hermann made $19 million in 2019 as he successfully steered the company through the tumultuous retail environment. Meant to be read in tandem with the research note “Income Inequity and Income Inequality,” this case examines the current disclosures companies make related to income inequality and asks whether they are sufficient or how they can be improved. This discussion around disclosure also provides opportunities to examine the role of the firm in creating income inequality and how the firm should balance its obligations to shareholders and employees when those obligations may be in conflict. Lastly, the case and note address the CEO pay setting process to give students an understanding of how pay is determined.

  Keywords: CEO pay ratio; Income; Equality and Inequality; Executive Compensation; Corporate Disclosure; Business and Stakeholder Relations;

  Citation:

  Rouen, Ethan, and Akari Furukawa. "Income Inequality and the CEO Pay Ratio at TJX Cos." Harvard Business School Case 120-063, December 2019. (Revised May 2020.)  View Details

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• Case | HBS Case Collection | March 2020 (Revised May 2020)

  Redefining Mogul

  George Serafeim, Ethan Rouen and Sarah Gazzaniga

  Tiffany Pham taught herself to code and created a technology platform, Mogul, with the goal of providing girls and women around the world with information and opportunities. After several years Mogul had reached more than 146 million women around the world and had measurable outcomes in increasing the diversity of talent pipelines for major Fortune 500 companies that served as its clients. The case explores Pham’s journey in building Mogul and the idea of moving into other business lines, such as media or venture capital, making Mogul not just a place for people to connect but also a global brand.

  Keywords: women; inclusion; technology; branding; social impact; Entrepreneurship; Online Technology; Information; Knowledge Dissemination; Gender; Diversity; Brands and Branding; Expansion; Strategy; Media; Personal Development and Career; Technology Industry; Media and Broadcasting Industry; United States;

  Citation:

  Serafeim, George, Ethan Rouen, and Sarah Gazzaniga. "Redefining Mogul." Harvard Business School Case 120-043, March 2020. (Revised May 2020.)  View Details

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