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How do you recommend we go about telling someone they cannot earn what they can convince someone to pay them, or that a company/board cannot pay the CEO as much
by maerF0x0 7y ago
How do you recommend we go about telling someone they cannot earn what they can convince someone to pay them, or that a company/board cannot pay the CEO as much as they're willing to?
- grawprog 7y agoFind ceos with some integrity for a change. http://newsinflight.com/2018/12/03/japan-airlines-ceo-took-a-pay-cut-to-punish-himself/ http://newsinflight.com/2018/12/03/japan-airlines-ceo-took-a...
- jrs235 7y ago"You can pay your CEO whatever amount you want so long as it isn't 50 times more than the lowest hourly wage times 2080 that you pay any employee of yours." ... Queue the gig economy...
- ncallaway 7y ago"You can pay your CEO whatever amount you want so long as it isn't 50 times more than the lowest hourly wage times 2080 that you pay any employee of yours, any contractor of yours, or any of their subcontractors."
- xigency 7y agoAt a $10/hour minimum wage, that's a range between $20,000/year and $1,000,000/year.
- berbec 7y agoWhich is much better gap than $20,000/year and $2,284,044,884/year. [1] 1: https://www.insidermonkey.com/blog/10-highest-paid-ceos-in-the-world-in-2019-796222/10/ https://www.insidermonkey.com/blog/10-highest-paid-ceos-in-t...
- jrs235 7y agoMake the multiplier 500 instead of 50. Society determines what a "fair" value is and it might change over time.