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It will if this gets passed. CEOs will be capped at 12 times the lowest worker's pay. Looks like The People are tired of all the shenanigans at the top and intend to take their country back because they don't want to end up like the U.S.
Revolutions don't always require firearms. This will be an interesting one to watch.
That will go over like a lead balloon. The proposal will limit executive pay to around the low-to-mid 200's. That way less than what most are getting here and elsewhere in the world. I really like the law where shareholders have a direct say in pay, though.
That will go over like a lead balloon. The proposal will limit executive pay to around the low-to-mid 200's. That way less than what most are getting here and elsewhere in the world. I really like the law where shareholders have a direct say in pay, though.
It won't limit them a bit. It will force them to pay higher wages if they want to make more money.
In other words, a rising tide floats all boats, equally.
A limitation imposed only on companies based in the state/nation is not ideal. Residency for a company, especially a large one, is often a matter of convenience and therefore such actions would be more than likely to simply prompt companies to relocate out of the state/nation. What's necessary is for such restrictions to tied to access to the markets, requiring any company that wants to do business within a state/nation (buy or sell, b-to-c or b-to-b), be required to certify that all the goods and services provided two levels down the supply chain comply with such a restriction (perhaps with a conversion factor for goods and services transported from elsewhere, but muted enough to such that deliberately trying to evade fairness by exporting jobs abroad is sufficiently disincentivized). Our civilization is so far below the level of maturity necessary to bring such a system about that such efforts are 22nd century ideas.
Of course it will limit them. How could it not and isn't that the intent of the law? It will mean the loss of business headquarter in the country, is what will happen.
Look I think CEO salaries have gotten ludicrous too but I'm not sure legislating pay is the answer.
I was discussing this and other issues with my boss the other day. CEO pay seems skewed not sure this is the answer or if it is a real problem.
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