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Comment on Microsoft CEO Nadella's compensation drops... to $48M — CEO to employee pay ratio hits 250 to 1
foggy@lemmy.world 11 months ago
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.
onlinepersona@programming.dev 11 months ago
phoenixz@lemmy.ca 11 months ago
This. So this. I’ve been saying the same for years, if not decades. The highest salary in a company should never be allowed to pass the lowest by a factor of 10.
Also, companies should be limited to 1000 employees and an x amount of value.
Companies should become less influential
Ravi@feddit.de 11 months ago
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
ribboo@lemm.ee 11 months ago
There will always be loop holes, but then you fix those. And regardless, loop holes are not used by all, and they take time to find. So that’s no reason not to do it.
Ravi@feddit.de 11 months ago
Absolutely right, but nobody should expect it to be a perfect solution to all the problems.
AstridWipenaugh@lemmy.world 11 months ago
All you have to do is have a subsidiary corporation that the executives work for. They get paid whatever insane amount and the parent company hires the executive company so it’s not direct payroll. I’ve seen this exact arrangement done for other tax reasons.