http://online.wsj.com/article/SB10001424052748703992704576307332105245012.html?mod=djemalertNEWS
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Chief executives at the biggest U.S. companies saw their pay jump sharply in 2010, as boards rewarded them for strong profit and share-price growth with bigger bonuses and stock grants.
The median value of salaries, bonuses and long-term incentive awards for CEOs of 350 major companies surged 11% to $9.3 million, according to a study of proxy statements conducted for The Wall Street Journal by management consultancy Hay Group.
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Seems easy.
(1) No one should make more that the US Prez in base salary.
(2) All “highly paid execs” should receive bonus compensation in the form of a ladder 25 years non-transferable Corporate bonds.
(So that 9.3M$ would be 400k$ as base and 9.3M$/25=327k$. Year 2012: 327k$ bond, Year 2013: 327k$ bond, … Year 2036: 327k$ bond.)
Sure hope the company survives 25 years!
Think behavior — long term thinking — might change?
I bet it would take 30 minutes to change.
And we’d all be better off.
Now we should figure out how to do the same with politicians and bureaucrats!
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Reinke Faces Life 