Obama Caps Salaries
Well, President Obama has put a cap on the salaries of CEO’s of companies that receive bail-outs from the government. In the short term, I think this is a good idea if for no other reason than it restores faith in these companies. However, this doesn’t get at the root of the problem, which is the payment of these CEO’s for generating losses.
Investor Sounds Off
A client of mine put it this way: "There are those who 'get it' and those who 'got it.'" What he meant was that there are those of us who "get" that there is an economic crisis and the CEO's who "got" paid. And this is true.
Ben & Jerry's Ice Cream - Corporate Philosophy
I especially like the philosophy at Ben & Jerry's Ice Cream. They believe that the CEO of the company will get paid a certain multiple of the lowest wage earner at the company. To increase his wage, the CEO in turn must increase the wages of the whole company. I think this is a very sound practice. Everybody benefits!