Excessive Executive Salaries

To try and curb the spate of excessive CEO salaries that have been paid out of late, even during this economic crisis, perhaps there should be a new clause inserted into the statutes of corporate law.  It could state that the renumeration package of a CEO (or similar executive ) of a corporation should be a “fair and reasonable” amount, especially  in relation to the workers’ salaries.  

“Fair and reasonable” could be based on :-

1. A particular salary range
2. A  certain multiple of the salary of the highest paid employee

It’s food for thought.

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