One way to make inroads to fixing the economy

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.

 

Salary caps for everyone!

 

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

 

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

 

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

 

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

 

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

 

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

 

Maximum wage now! [/JelloBiafra]