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I think limiting CEO and executive staff total compensation to some multiple of average/median/whatever total compensation could be a good idea. Let them make
by prirun 4y ago
I think limiting CEO and executive staff total compensation to some multiple of average/median/whatever total compensation could be a good idea. Let them make higher salaries, but they have to bring everyone along with them. As it is now, IMO higher ups take advantage of people lower in the food chain in most companies.
"A study of 300 top US companies released by the Institute for Policy Studies (IPS) on Tuesday found the average gap between CEO and median worker pay jumped to 670-to-1 (meaning the average CEO received $670 in compensation for every $1 the worker received). The ratio was up from 604-to-1 in 2020."
https://www.theguardian.com/us-news/2022/jun/07/us-wage-gap-ceos-workers-institute-for-policy-studies-report https://www.theguardian.com/us-news/2022/jun/07/us-wage-gap-...