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I employed a fair bit of hyperbole in my previous comment, so take it with a grain of salt. Japan and France, where Ghosn was CEO of 2 companies, have strict c
by anonu 7y ago
I employed a fair bit of hyperbole in my previous comment, so take it with a grain of salt.
Japan and France, where Ghosn was CEO of 2 companies, have strict compensation caps for executives. In the USA there is no such thing. The cultural perception of making a lot of money is different in Japan and France vs USA.
- vonmoltke 7y ago> In the USA there is no such thing. That's not strictly true. There is a tax code provision that prohibits companies from counting executive compensation of over $1MM as an operating expense, the intention being to discourage high compensation by essentially putting an additional tax on the excess compensation. It's not very effective, particularly since "performance-based" compensation was exempt until a couple years ago. There are also harder limits for executive (and other people's) compensation in government contracting. Somewhat more effective than the above, but still not great.
- BrandoElFollito 7y agoWhat are the caps on France? The top CEOs are paid several tens of millions of euros. The limits are cultural to some extend, but I do not know of any legal ones (for private companies, the public ones do have legal caps)