Executive Salaries and Corn Flakes

What you describe, Grizz, is one of the problems of runaway capitalism. With everyone wishing to be "above average," the pressure to continually push for more and more runs away.This is why most capitalistic economies have put regulations on it. How to best handle this particular issue of runaway capitalism, though, is a very interesting question. The simplistic idea of limits on salaries doesn't seem quite right, but that isn't the only possible response. If economic regulations make it unwise to pay top executives such exorbitant salaries, then companies will reduce the pay because of the economics, not because it is illegal to do so.

---

Rrhain

---

Thank you for your submission to Science. Your paper was reviewed by a jury of seventh graders so that they could look for balance and to allow them to make up their own minds. We are sorry to say that they found your paper "bogus," specifically describing the section on the laboratory work "boring." We regret that we will be unable to publish your work at this time.

Grizz writes:

quote:

---

To everyone calling for reductions in CEO salaries - Be honest now - if you were one of the CEO's making $10M a year, would you offer to lower your salary 25% to 'make things right', just out of the principle of wanting a more equitable payroll?

---

Of course. Why on earth wouldn't I? There comes a point where you have all the money you really need. Were I to become extremely wealthy, my goal would be to give it away.

---

Rrhain

---

Thank you for your submission to Science. Your paper was reviewed by a jury of seventh graders so that they could look for balance and to allow them to make up their own minds. We are sorry to say that they found your paper "bogus," specifically describing the section on the laboratory work "boring." We regret that we will be unable to publish your work at this time.