Monday, October 21, 2013

CEO pay

I can hear the cries of 'SOCIALIST!' even before I make my next suggestion, but hear me out.

Rather than limit what the CEO of a company can make, there should be a rule that says whatever the CEO makes, the lowest paid worker in that company should be at least making 1/30th of that amount. That would mean if you made $1,000,000 yearly as a salary, the lowest paid worker would make $33,333 per year - minimum. I don't know about you, but that seems perfectly fair to me.

Also, a CEO should not be allowed to make more than one month's salary per year served as a severance. There are too many CEOs working for a year, then walking away, from failing enterprises no less, with $2,000,000 severance packages. That's enough to keep 60 other people working.

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