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Old 06-18-2009, 02:22 PM   #8 (permalink)
laconic1
Junkie
 
I don't know what the answer is either. Like robot_parade I don't know that government regulation across the board is the answer, but the market isn't quite getting it done right now. I like the idea of tying it to the companies salaries, but instead of tying it to the lowest paid employee in the company I would probably tie it to the mean or median salary of all employees, maybe 50 times the mean or median. That way a company like Walmart would have lower paid execs than a company that pays their workers better. Maybe have some independent organization set up a "best practices" guideline for executive compensation, then audit companies for compliance and allow companies to advertise their compliance with these "best practices" as a way to encourage companies to reign in executive compensation.

Last edited by laconic1; 06-18-2009 at 02:22 PM.. Reason: My keyboard is randomly adding ||||| while I type
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