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Sunday, October 26, 2014

CEO Compensation

The best way to close the divide between CEO pay and that of ordinary workers (Efforts to regulate CEO pay gain traction. Boston Globe, October 25th., 2014. G1, G3)  is to share the bonuses. After all, every employee from janitor to CEO has contributed to the firm's success, so they should all share the rewards.

Set up a salary system with appropriate differences between each level in the organization then, at year's end, give everyone the same percent of salary as bonus. CEO's will still get more money than janitors but all will get a compensation boost.

We don't need legislation; his is the fair way to do it.

Sent to Boston Globe

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