Where is the inefficiency in CEO pay? Maybe they deserve it ... Or should Steve Joobs take apay cut?
The whole notion that government should decide what people earn I find repulsive.
Now the situation the New York Times has with their two tiered stock that does not give shareholders a say, that needs looking into, or better yet de-list the company.
Where is the inefficiency in CEO pay? Maybe they deserve it ... Or should Steve Joobs take apay cut?
Obviouosly, some CEOs who actually harm a company would be overpaid at $1 per year. On the other hand a CEO who can manage in such a way that a company's short term and longterm profit is sufficiently higher to justify his pay could be worth any amount, unless someone else could do just as well and be willing to work for less.
Steve Jobs salary at Apple is $1 per year.