Shaming the overpaid is not enough

If people are shameless they will not have any problem with putting their pay into the limelight, they might even be proud of it! Pro-Gov.org suggests that the pay for top executives should consist of basic pay and all bonuses, perks, pensions, 'incentives' (to get out of bed?) and 'rewards' should be strictly on a company-wide basis (John Lewis Principle) and the same percentage of base salary should be applied to all staff members when calculating such emoluments. This would radically simplify compensation structure and do away with expensive 'remuneration consultants'. There might still be a temptation to set the basic salary at too high a level. But this would be much easier to police than the thicket of remuneration schemes that only get more and more convoluted (to disguise the excess?).
(15/05/2012)