but why should somebody get paid $50K a year to stuff envelopes?
And why should someone's pay be so dependent on what the upper management makes? I mean, what incentive would there be to work for a smaller company who pays their CEO less (and therefore can set a lower starting wage), versus striving to work for Company X, where all starting envelope stuffers make $50K+ a year in order to maintain their CEO's salary? It just starts to exert really, really odd pressures on the marketplace that - while noble - could create some very damaging ripple effects.
And as far as caps of any kind on salary - it's all well and good to look at the people pulling in $10M a year and think WTF!!!, but $2M isn't all *that* much anymore, and when you hit that at age 45 - well, what do you do then? Where's the incentive if you can't move up the compensation ladder, even if it is higher than most of us even can see?
Finally, you can cap pay all you want, but there will always be perks, alternative compensation, and the like - and you'll have to pry those golf clubs out of the CEO's cold dead hands...
no subject
And why should someone's pay be so dependent on what the upper management makes? I mean, what incentive would there be to work for a smaller company who pays their CEO less (and therefore can set a lower starting wage), versus striving to work for Company X, where all starting envelope stuffers make $50K+ a year in order to maintain their CEO's salary? It just starts to exert really, really odd pressures on the marketplace that - while noble - could create some very damaging ripple effects.
And as far as caps of any kind on salary - it's all well and good to look at the people pulling in $10M a year and think WTF!!!, but $2M isn't all *that* much anymore, and when you hit that at age 45 - well, what do you do then? Where's the incentive if you can't move up the compensation ladder, even if it is higher than most of us even can see?
Finally, you can cap pay all you want, but there will always be perks, alternative compensation, and the like - and you'll have to pry those golf clubs out of the CEO's cold dead hands...
Oh my god, "The Man" has overtaken my soul!