solution #634
So what if a law was passed that the highest executive of a company could only earn 10 times as much as the lowest paid employee in that same company. Do not institute this all at once, it would be too harsh, but say that in year 1 the highest executives take a 20% pay cut and that 20% is then distributed to all of the workers so that the margin between the two diminishes. In the next year a 15% pay cut for the highest earners, distribute that back to the workers to shrink the margin further. The third and subsequent years until the 10X rule is met, reduce the highest earners by 10% per year and redistribute.
This should not only apply to salary, but to bonuses, stock options and any other benefits that the top executives earn.
This policy would have been great for me where I was working before, but I'm less certain about where I am now.
2 comments:
Seems perfectly obvious and reasonable. It'll never happen here, though.
I agree with this plan!
I wonder if the first 20% might be too steep for this generation of heads of companies. I can only hope that if I were in such a position, I would accept this, nay, implement this right away.
The system as it now stands seems quite broken...
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