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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 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
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.
Absolutely right, but nobody should expect it to be a perfect solution to all the problems.
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.
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?