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It's pretty easy. You can just cap total compensation for executives relative to the lowest paid worker and include equity in that calculation. If you want to
by lkjdsklf 3mo ago
It's pretty easy.
You can just cap total compensation for executives relative to the lowest paid worker and include equity in that calculation. If you want to pay yourself, 10 million a year in stock, great... You need to pay the lowest paid person 10k in stock or whatever.
Or, you can mandate that after a certain size a worker owned trust/union will own some percentage of the company.
There's dozens of ways you could address this problem. Each have pros/cons. It's not that hard to fix if we actually wanted to fix it though.
- nfw2 3mo agoThe founders already have the equity, they aren't receiving more on an ongoing basis.
- lkjdsklf 3mo agoWe’re not talking about founders. We’re talking about executives. Executives do get equity as part of their compensation and it’s a huge reason for the massive disparity in wealth. This is well studied stuff.
- therealdrag0 3mo agoWhy are we not talking about founders? They are the most likely to have obscene wealth.