Posted by burnsy483 on 6/25/2014 4:39:00 PM (view original):
What about the CFOs and CMOs who make a million every year? You bet your *** they're 20x more valuable then many employees, especially the bigger businesses. Many employees make $40K a year who are basically replacement-level employees. If I tell my CFO that he has to take a 50% paycut to comply with a new law, because there's no way in hell I'm raising salaries for my 22-year old morons, he's not going to be happy.
Are you honestly this comfortable telling businesses how to distribute salaries?
Are you comfortable with the government breaking up monopolies? Or setting a minimum wage?
I'm just as comfortable instituting a ratio that must be adhered to. Sure C-level executives can be very valuable, but there's no reason that their pay needs to be 500-1000 times more. 10-1 is just an idea, I'd be ok with a different number if it makes sense.