200x seems a little low. A clerk making $20,000 a year would cap the CEO at $4,000,000 even though the company had 10 billion in profits.
************************************************************************ Right Wing Mike http://www.cafepress.com/rightwingmike Bigfoot Hates Obama http://www.cafepress.com/rightwingmike/5690856 I Wish Hillary had married OJ http://www.cafepress.com/rightwingmike/4236924 --- On Mon, 8/4/08, Pete Theisen <[EMAIL PROTECTED]> wrote: > From: Pete Theisen <[EMAIL PROTECTED]> > Subject: Re: [OT] CEO pay out of control (was Re: [OT] Drill now Exxon can > beat another record only if we DRILLLLLLLLLL!!!!) > To: "ProFox Email List" <[email protected]> > Date: Monday, August 4, 2008, 3:44 PM > Michael Madigan wrote: > > Legally, I don't know how you do it. > > > > There are laws defining filings, stock sales, voting, > taxes, perhaps there should be laws defining maximum > compensation for CEOs of publicly-held corporations. > > > > What would it be? Maybe no more than 10% of profits > with a minimum not-to-exceed 1 million. > > Hi Michael! > > I like the 200x idea some robber barron from the early > 1900s thought up. > If your most poorly paid employee gets x, you can get 200x, > no more. It > would require a change in the law, and you would have to > outlaw > loopholes and centrifuges as well. Violations to be > punished by personal > front line combat service for the duration of all wars. > > Want 200 million? Just do enough business at enough profit > so that all > the bottom rung people get 1 million. > -- > Regards, > > Pete > http://pete-theisen.com/ > > > _______________________________________________ > Post Messages to: [email protected] > Subscription Maintenance: > http://leafe.com/mailman/listinfo/profox > OT-free version of this list: > http://leafe.com/mailman/listinfo/profoxtech > Searchable Archive: http://leafe.com/archives/search/profox > This message: > http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] > ** All postings, unless explicitly stated otherwise, are > the opinions of the author, and do not constitute legal or > medical advice. This statement is added to the messages for > those lawyers who are too stupid to see the obvious. _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
