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I agree, but the Republicans (and their corporate overlords) would scream "socialism", as if it's some sort of bad thing to regulate the market to prevent abuse. It's in the best interest of the corporations to protect their money via the media, controlling the regular Joe's perception of how the economy works.
The CEO should be paid 100 times what the lowest compensated worker at the company makes, and the bonus should be percentage of profit growth over the last year multiplied by 10,000 (5% profit growth would mean a $50,000 bonus).
The lowest paid full time employee of my previous company made about $17,000 a year. That means $1.7m a year for the CEO. That company also saw a growth in profit by about 7% (iirc, could be wrong), so the bonus would be $70,000. That's $1.77m a year, which anyone could live on comfortably.
No one should get a $40m bonus. No one.
Last edited by Willravel; 06-16-2009 at 03:46 PM..
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