The Scruffy and the Stuffy Agree: Cap CEO Pay [View all]

[marmar]

from Too Much: A Commentary on Excess and Inequality:


The Scruffy and the Stuffy Agree: Cap CEO Pay
February 9, 2013

From hiking trails in Oregon to boardrooms in Berlin, critics of our staggeringly unequal corporate order are calling for new limits that link executive compensation to worker paychecks

By Sam Pizzigati


When do societies start taking a new idea seriously? Easy. New ideas start gaining traction when starkly different sorts of people start standing up as their champions.

Just this exact process now seems to be unfolding on the notion some have dubbed the “maximum wage,” the idea that we should limit the income our society’s most exalted executives take home to a specific multiple of the income that goes to ordinary mortals.

Already this winter we’ve seen striking pitches for capping executive incomes emerge from two camps about as different as they could be.

The first came last month with the publication of new environmental movement manifesto, Enough Is Enough: Building a Sustainable Economy in a World of Finite Resources. The authors — Oregon conservationist Rob Dietz and UK ecological economist Dan O’Neill — have become familiar fixtures at confabs that scruffy tree-huggers frequent. ...............(more)

The complete piece is at: http://toomuchonline.org/the-scruffy-and-stuffy-agree-cap-ceo-pay/