3 ms·
Well, in this great country, you're perfectly welcome to start your own company and distribute 95% of the shares to your first 1000 employees. Tell them they n
by Nrsolis 9y ago
Well, in this great country, you're perfectly welcome to start your own company and distribute 95% of the shares to your first 1000 employees.
Tell them they need to work for free for 4 years (or for far below market wages) in order to account for the capital contribution of their labor, comrade, and see how far that gets you.
Ben and Jerry's tried to cap CEO pay at 7x their lowest paid worker and soon realized that nobody wanted the job (or at least nobody that was qualified). Now their current CEO is taking home a whole lot more than that and he's not being paid in Chubby Hubby.
http://abcnews.go.com/Business/companies-follow-ben-jerrys-lead-wages/story?id=19920634 http://abcnews.go.com/Business/companies-follow-ben-jerrys-l...
"I'm talking about Ben Cohen and Jerry Greenfield and their iconoclastic Ben & Jerry's ice cream company.
But it's neither Cherry Garcia nor Phish Food that's on my mind right now—well, maybe just a little—as much as it is the social pact that Messrs. Cohen and Greenfield made with their employees at the start of their venture: From top to bottom, the pay ratio between the highest salaried executive and lowest-earning-worker would be no greater than 5 to 1.
To their credit, the ice cream kings kept to their pay scale deal for 16 years. At that point, Cohen was set to retire and no successor who was willing to accept B&J's compensation compact could be found.
End of an Era
So the bar was raised to 7 to 1 to attract new talent, and ultimately to 17 to 1 over the course of a half dozen years more. The company was then acquired by Unilever USA in 2000, after which the corporate cone of silence descended on what was once a very transparent practice."
- s73ver_ 9y ago"Well, in this great country, you're perfectly welcome to start your own company and distribute 95% of the shares to your first 1000 employees." That is a cop-out answer that shows that you're not interested in discussing the issue. If you don't see an issue with corporate greed in the world today, that's your prerogative, but don't make it to seem like those who do are the ones who don't know what they're talking about.
- ryanwaggoner 9y agoThat's not how I read their answer. In fact, they spent a lot of time explaining what they meant, while you seem to be the one trying to shut down discussion.