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Microsoft CEO Nadella's compensation drops... to $48M — CEO to employee pay ratio hits 250 to 1
(www.theregister.com)
this post was submitted on 21 Oct 2023
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I'd support laws that limited CEO:Employee wage ratio to something more like 10:1.
If you pay me 100k and you're making 1m, I can accept that there is no room for a raise or a bonus.
If you are making 10m and I am making 100k and you deny me a raise, I'm feeling disenfranchised.
I'd like to see such a rule, but doubt that there won't be any loopholes to circumvent it. You can already see some of those in sports. There are a lot of stories on how clubs "dealt" with financial fair play in european football and I heard rumors of a similar thing with the american salary cap too.
Just some ideas:
All in all good luck with finding a politician pushing this through (most lf the are exactly in those positions) and finding all the loopholes. Rich people can pay a lot of experts to become even richer
Those are only loopholes if they are allowed to exist. If people do those things, but then get fined/persecuted as they are infringing on the spirit of the law to limit executive/worker pay ratio, then they are not loopholes right?