Quote:
Originally Posted by GGG
But is it reasonable to expect the public to know this? If I invest in 10 companies should I be spending time on executive pay? I'd argue it's a waste of my time as it would affect earnings per share by .001 cents. So from a profitability standpoint it isn't worth me spending the effort.
On executive pay not matching performance I am saying that evidence shows paying more money for a CEO doesn't get you better results. There is no difference (and actually a negative correlation) if you pay some one 30 million vs 2 million.
One though I had is that you could get rid of minimum wage if you capped CEO pay at 100 times the lowest paid employee. The problem being that companies would contract out all low paying jobs to get around this loop hole.
But philosophically I don't think the labour of anyone one person regardless of responsibility level is worth more than 100 times that of someone else's.
At a $10 an our minimum wage this would effectively cap executive pay at 2 million per year.
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Well I just don't know what you want? The mechanism is there and works just fine, but you now give the argument that basically amounts to "who cares, its not worth my time." Then in the next breath you explain why people should care and be concerned. So I really don't know...there are options and obviously its not a big enough deal that people care.