IMO, some type of CEO pay cap is almost inevitable. It just holds too much populist appeal with the low-info types. Probably 9 to 10 times the amount of the company’s lowest paid employee. They will at first be “nudged” towards this with tax penalties for companies that don’t meet the target.
They will always find ways around the cap....remember why companies started providing health benefits in the first place? To get around the wartime wage controls.
If the government can set private employment pay caps then our nation is over and revolution is inevitable.
I don’t want pay caps at all for Executive CEOs. However, there should be some mechanism that if the CEO does an awful job and gets fired then the”firing” bonus should be dismissed. I would LOVE to be fired and then collect 27 million.
“IMO, some type of CEO pay cap is almost inevitable. It just holds too much populist appeal with the low-info types”
The best way to avoid this is to remove the corporate mouth from the taxpayers nipple.
General motors? Solyndra? Booze Allen who’s only customer is the NSA? Tesla? GE? Any number of the bailout banks? Fannie, Freddie?
They all have in common, most if not nearly all of their income from the taxpayer. Most are spectacular failures. All have executive compensation packages.
If they are a private company, then pay whatever the board of directors and shareholders wish. Otherwise, why shouldn’t the leaders accept a GS rating and the proper government worker pay package? It would be more honest.