General Discussion

arely staircase

(12,482 posts) Thu Nov 6, 2014, 02:37 PM Nov 2014

idea for fighting income inequality

What about a law that requires CEOs who raise their salaries to raise their frontline workers by the same percentage. So when the fat cats raise the salary from 10 million to 30 million, his ten dollar an hour employee's pay gos to 30.

Just a thought.

2 replies

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idea for fighting income inequality (Original Post) arely staircase Nov 2014 OP

It is good in concept - but would need some finangling el_bryanto Nov 2014 #1

yes. bonuses, stock options would have to be included as the CEO's income. arely staircase Nov 2014 #2

el_bryanto

(11,804 posts)

1. It is good in concept - but would need some finangling

Reply to arely staircase (Original post)

Thu Nov 6, 2014, 02:43 PM

Nov 2014

First of all top level CEOs receive compensation beyond their salaries - preferred stock, stock options, and bonuses. Secondly CEOs generally don't give themselves raises unless they own the company - some board of directors votes for the compensation package - so it would have to be rewarded to include that.

Bryant

arely staircase

(12,482 posts)

2. yes. bonuses, stock options would have to be included as the CEO's income.

Reply to el_bryanto (Reply #1)

Thu Nov 6, 2014, 02:46 PM

Nov 2014

And yeah. I am throwing it out as a general idea. Hoping for a good discussion on how those details would have to be worked out.

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