While well-intentioned this proposal is too complicated and prescriptive - even if one fully agrees with the thrust of the argument. Pro Governance has suggested that top executives should only get bonus and benefit payments that are on the same percentage basis as firm-wide arrangements that cover the whole workforce (bonus, pension, health, share options). While there would still be an escape via excessive base pay to inflate CEO pay this proposal would simplify policing of top pay substantially.
(09/12/2011)
The Hoover Institution and other Stanford-affiliated entities recently
published the results of a survey of senior decision-makers at 47 of the
largest ins...
16 hours ago
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