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  •  How? (Assuming it could get done at all, that is) (1+ / 0-)
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    Mumon

    I just read somewheres that the guy running the Smithsonian made $850k last year and has 2 direct reports that made $400k plus.

    That's just as outrageous, and its an aside.

    We'd need some kind of wacky formula though to cap exec pay.

    If you are a sole proprietorship President, you can keep your own earnings, I assume.

    Maybe (1) exec salaries can't grow faster than shareholder value over some fixed period?

    Maybe for companies larger than 1000 people, the CEO can't earn more than 30X the average pay of the lowest earning 100 full-time employees? Something like that? Hmmm.....  We need Bondad to weigh in. I'm sure there's many more issues here.

    John McCain is a MINO: Maverick In Name Only

    by malharden on Wed Feb 07, 2007 at 11:25:57 AM PST

    [ Parent ]

    •  Limit the deductibility (11+ / 0-)

      of executive compensation.  If a company wants to pay their CEO more than 20 times what their average worker earns, they can go ahead and do it out of after-tax money.  Shareholders won't like that.  Or raise the corporate income tax rate and offer a credit inversely proportional to the gap between the highest- and lowest-paid employees (which would actually provide an incentive to raise salaries at the bottom).

      •  Damn good answer. (0+ / 0-)

        Where do I sign?

        John McCain is a MINO: Maverick In Name Only

        by malharden on Wed Feb 07, 2007 at 11:34:28 AM PST

        [ Parent ]

      •  Been There, Done That. (0+ / 0-)

        One of the main reasons executive compensation has gotten out of control is that simple, easy to understand cash compensation deductiblity is limited to $1,000,000.

        As a result, we have all sorts of crazy alternatives that get approved because they are harder to value, like non-qualified deferred compensation (which will be limited if the tax add on to the minimum wage bill passes) and worst of all "stock options".

        "Those who can make you believe absurdities can make you commit atrocities" -- Voltaire

        by ohwilleke on Wed Feb 07, 2007 at 01:39:42 PM PST

        [ Parent ]

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