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One way to make inroads to fixing the economy

Discussion in 'Sports and News' started by Simon_Cowbell, Sep 22, 2008.

  1. Simon_Cowbell

    Simon_Cowbell Active Member

    A line has to be drawn on top executive compensation for any company involved in the upcoming mega bailout. Enough is enough. Compensation has to be limited to a realistic multiple of the lowest paid employee. Using a multiple of 30, with the lowest paid employee receiving $10 per hour, the chief executives total compensation could not exceed $300 per hour or $624,000 per year. The beauty of the system is its ability to grow the middle class. That lowest paid employee would in no time have a pay increase.

    If this system would be adopted by most companies, America would become economically and socially much healthier.
  2. TheSportsPredictor

    TheSportsPredictor Well-Known Member

    Salary caps for everyone!
  3. Football_Bat

    Football_Bat Well-Known Member

    Looks like Wal-Mart's CEO is headed for the food stamp line then.
  4. hockeybeat

    hockeybeat Guest

    As much as I agree with this sentiment--especially considering how many people may have had their savings wiped out--it will never take. CEO's won't allow it.

    I posted this yesterday on the insolvency thread, but I think it bears repeating here. http://www.nypost.com/seven/09212008/news/regionalnews/execs_crash__earn_130099.htm
  5. cranberry

    cranberry Well-Known Member

    It's the only way small-industry companies can compete for the most unscrupulous executives.
  6. slappy4428

    slappy4428 Active Member

    Who knew a big company like that could be run by someone making 100K?
  7. TheSportsPredictor

    TheSportsPredictor Well-Known Member

    Remember when Simon Cowbell wanted salary caps for everyone? Where is he these days?
  8. cjericho

    cjericho Well-Known Member

    maybe he's getting Obama to go with his proposal for Stimulus No. 2.

    YGBFKM Guest

    Maximum wage now! [/JelloBiafra]
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