Another classic Wells Hall thread: people who will never be CEO calling for CEO wages to be limited.
Argument: It's not fair. I tell you its not fair.
[Uh, sorry to be the one to break it to you, but life is not fair.]
Argument: The little investor has no say over big companies. [If you think that high CEO salaries are effecting - negatively - the returns of big companies, why are you investing in that company?
]
Seriously, the sole problem with CEO comp is not generally monetarily based, it is due to stock options that
may, if not structured right, force the CEO into a greater short term focus than is already present in American business. CEOs need to be compensated for results on a
long-term basis: longer vesting for options and severance packages that discourage a short term firing if longer term metrics are solid.