Yes Kim, there should be some CAP and sealing for the successive and failure CEOs. During recession time we had seen, some of the companies who had taken tax and other related exemptions from Federal government to overcome the crises are paying heavily bonus and other perks to CEO.
The analogy of comparing athlete pay to CEO pay breaks down at some point. But if we're going to push the analogy, then maybe there's a "moneyball" for CEOs and companies should hire a team of managers at a cheaper salary that can perform just as well....
Joe presents an interesting debate here, particularly considering the vast majority is in agreement on this one. My feeling, though, is that we reward executives and athletes and "movie stars" way too lavishly in general, and it's particularly hard to support the amount of money we throw at failure.
Actually, with athletes, it's a little different, because in addition to needing to justify the demand for supreme talent and hard work with super-high compensation and incentives, the athletes are the actual moneymakers. People pay steadily increasing ticket prices to see the likes of Alex Rodriguez and Tom Brady. The athletes are the ones actually bringing butts in the seat.
Add to that the licensing of their names and likenesses -- which the teams and leagues make billions off of -- and there's no question that athletes are entitled to every penny they get.
@Joe: Your rationale is basically the same one used for paying professional athletes. When the universe to choose from is so small you can probably count the candidates on the fingers of one hand who are qualified, the pay will go up accordingly. But really, I think there is a limit short of the sky that should suffice.
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