October 5, 2013
The calculation of worker to CEO pay should NOT be up to the company. The IRS does not ask the typical wage earner what he or she considers compensation for their efforts. The simplest, cheapest, comparable, most reliable method is simply to use tax records. What is the cost of employee pay vs the cost of ALL compensation to top executives, as defined by the government not the company. The only reason for this not to be done is to provide protection to the company against humiliation and the scorn of the general public.
The country has an enormous debt, yet we are more concerned about a small number of people losing a small percentage of their enormous compensation to taxes, which are desperately needed. How, in any definitions of the words, can this be considered fair and just?