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Personally, I think a max CEO pay of 200X average company salary would be a better metric... if Execs/Board members can only get so much reward and it's direct
by gremlinsinc 9y ago
Personally, I think a max CEO pay of 200X average company salary would be a better metric... if Execs/Board members can only get so much reward and it's directly influenced by # of employees and average employee wage, -- want a pay increase... raise some wages or hire more employees.
Not sure the algorithm would be... but it needs to be tied directly to # employed and average salary to encourage growth, and discourage greed at the top.
Some CEO's do almost fraudulent things -- but get a golden parachute when they leave, this behavior needs to stop too. If a CEO fucks up - fire them, without any severance.