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Several countries have forced CEO pay to be published in hopes to guilt them into taking less pay. In most cases it ended up skyrocketing as a result. CEOs cou
by cbzoiav 7y ago
Several countries have forced CEO pay to be published in hopes to guilt them into taking less pay.
In most cases it ended up skyrocketing as a result. CEOs could see exactly what every other CEO was on when negotiating. Meanwhile boards didn't want to pay under market rate and be blamed for cheaping out if things went wrong.
- Barrin92 7y ago>Several countries have forced CEO pay to be published in hopes to guilt them into taking less pay. That's the wrong intention and not what I described in my post. Maybe in those countries CEO salaries were non competitive or too low compared to the value that a CEO provides. I explicitly said that I see transparency as a mechanism to rationalise salaries, not make them more egalitarian everywhere. But where I think it without a doubt will have an equalizing effect is between people doing equal work but being compensated differently. That effects ordinary workers more than extraordinary talent.