I used to think so but I think that is incorrect for the following two reasons: - Stock compensation is not included. This is significant now. - I believe the salary numbers are purposely underreported. The numbers are given to show they are paying a professional wage. I heard (not confirmed) that someone getting paid $200k/year in base salary can be reported as $150k/year, since 150k clears the threshold. I saw salaries in my company that did not reflect what I understand to be the market rate.