April 30, 2015
Dear Sirs,
As a share holder in some 20 odd companies I am firmly in favor of disclosing the link between a company's financial health and the financial compensation of the company executives.
It amazes me that we lament the shrinkage of the middle class while company executives take home an ever large portion of company profits, sometimes really obscene compensation, leaving an essentially regressive pay package for lower level employees. Those lower level employees have seen their purchasing power continue to shrink over the last couple of decades.
Henry Ford was astute enough to realize he needed to pay his employees high enough wages so they could afford to buy his products ( cars ).
The majority of today's company executives seem to have BOTH hands in the cookie jar compensation-wise plus outrageous severance packages when they screw-up!
Sincerely,