To everyone advocating for lower C-Suite pay, let me explain how it works: 1. Trucking company ABC needs a new CFO or CEO. 2. Mrs. Smith is a Wharton grad qua

To everyone advocating for lower C-Suite pay, let me explain how it works: 1. Trucking company ABC needs a new CFO or CEO. 2. Mrs. Smith is a Wharton grad qualified for the role, and Mr. Smith is a Michigan State grad also qualified. Mrs. Smith is 3x the compensation expense to hire as Mr. Smith. 3. Mrs. Smith has a network of bankers, industry contacts and Wall St. analysts she's cultivated over years. Mr. Smith has no such network or specific industry experience. Who would you hire? Who would you want hired if you were an investor in the company? If your existing 401k was invested in this company? As previously stated - the medium/long term considerations are entirely lost on the "pay 'em less" crowd. Its feels great to say and that's about it. To everyone advocating for lower corporate profits: 1. Good luck attracting investment capital. 2. Have fun competing against companies not similarly constrained. 3. Enjoy down cycles where the additional retained earnings would've helped you stay in the fight. The lack of real-world experience and considerations to my original comment is disheartening.