Why don’t we have a maximum wage? Asking that question is another way of asking why some people can rake in millions while others struggle to earn enough
I think we can do better: nobody who doesn’t work X nunber of hours per week can own stock. That’s how law firms organized as S-Corps do it. Even if the decisionmakers hardly do real work, they have to be at work to gain on their investment. But also, no golden parachutes and executives should be legally responsible for suffering and death from their policies.
C-suite compensation is already largely handled by share offers - which get further pumped/paid for by share buyback schemes.
This would just further exacerbate it, unless we first re-ban buybacks.
Honestly, we should just ban them regardless.
I think we can do better: nobody who doesn’t work X nunber of hours per week can own stock. That’s how law firms organized as S-Corps do it. Even if the decisionmakers hardly do real work, they have to be at work to gain on their investment. But also, no golden parachutes and executives should be legally responsible for suffering and death from their policies.