Comment on There are Minimum Wages, Why Not a Maximum Wage?
auzy@lemmy.world 1 month ago
Maximum wage only makes sense as a percentage of other people in the company. Ie. The maximum allowed is 10x more than the minimum wage paid in the company
Anything else means the money would just go to shareholders
thatKamGuy@sh.itjust.works 1 month ago
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.
BKXcY86CHs2k8Coz@sh.itjust.works 1 month ago
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.