IMHO its up to the shareholders. If they are stupid enough to pay someone hundred of millions to ruin their share value then that is their right.
Or should we pass a federal law tying company performance to CEO pay?
We should pass a federal law banning governors from accepting more money in gifts than their salary. What do ya think Huck??? lol
That was tried years ago when there was an earlier cry to tie the performance of the company to the CEO’s compensation. What resulted was what we have today; compensation measured against the yardstick of stock price and the growth of the total capitalization of the company.
IMHO its up to the shareholders. If they are stupid enough to pay someone hundred of millions to ruin their share value then that is their right.
It is a corrupt system, where the Board of Directors and CEO are both in bed with each other. The little inveestor gets screwed. I am starting to like Huckabee.
I believe ‘golden parachutes’ are intended to attract top people to the company. I disagree with the practice - I don’t think there is much correlation between top CEO pay and actual company future performance - but how to attract top help is certainly the company’s prerogative.
I’m also guessing a lot of it comes from giving CEO company stock, which is intended to give them a financial incentive to care about the company.
Bottom line for me - no conservative believes it is the government’s business to tell a company what they can pay a CEO. The Huckster believes his faith gives him an excuse to run the lives of everyone else, for their own benefit. In that, he doesn’t differ much from Hillary or Obama.
Whoever it’s up to, it’s never up to the government!
Let's pass it, right after we pass a law to tie Congressional salaries to performance.