If the government regulates the compensation of CEOs it is only fair that it regulate the compensation of actors singers, lawyers, athletes, doctors etc, and all damage awards. You can’t select out one group of people for unequal treatment under the law based on how much money they make and still claim to believe equal protection. We can do this either way, but everybody should be in the same boat under the law.
“If the government regulates the compensation of CEOs it is only fair that it regulate the compensation of actors singers, lawyers, athletes, doctors etc, and all damage awards. “
First of all, read it, I made that mistake too. McCain doesn’t want to regulate the amount, he wants the shareholders, the owners, to approve the amount. Why is that bad?
Secondly, this applies to public corporations only. If you’re a private company, and you don’t have any shareholders, you can do anything you please. Pay the CEO $1 billion a year, who cares?