Quote:Original post by kryat
Just for comparison, the CEO of Delta makes around $17.4 million annually (or around £10 million).
The reason why the average worker salary is so different than upper management salary is because the average worker can't do what upper management can do.
Such as running your companies into the ground and taking the rest of the global economy with you? Increased pay is fair but at an order of a magnitude or more greater than the average is just silly. As silly as getting millions to pretend to be a superhero or throw a ball around. But putting a cap is also wrong and a slippery slope to dystopia, society and market forces should control these things. For example if the movie industry dont find some new business model to better exploit people (as this is why Corporations were invented see Edword Bernays) their actors and executives is gonna have to take some cuts or lose sustainability.
Incidentally CEO wages rose with public disclosure becoming a requirement. CEOs essentially compete in a beat the Jones' type manner so their wages do not 'fall' far below the ceo average. This feedback loop led to the upward spiral of wages vs average people. Even as late as 70s and 80s CEO salaries were reasonable. Some CEOs dont get much salary and get the most from 'perks' and 'bonuses' and by carefully picking who decides your perks you can get a very good sized bonus for running your company into the ground.