Wednesday, January 31, 2007

Should we curb high salaries? If so, how?

Very high salaries for top executives is harmful to so much. It is said that companies have to pay so much to get managers to take the job. This is nonsense. Furthermore, the huge gaps between the top and the lowest paid disturbs society. It seems to be unfair to all. The answer is transparency. If the light of day is shone on every aspect of CEO compensation, it will encourage greater consideration.

I am somewhat surprised that the press has not picked out very highly paid executives and staked them out to photograph their houses, their cars, their planes, and their spending. At some point, I am convinced it will happen, and that will be harmful to society.

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