Reply #5: say on pay sorta looks like a waste of time [View All]

[hfojvt]

In most companies the board of directors probably control more than 50% especially with their proxies. If you really want to curb CEO pay simply bump the top marginal tax rate up to 70% on incomes over $1 million and to 90% on incomes over $5 million, and get rid of the stupid capital gains loophole that taxes unearned income at a lower rate than wages.

A CEO making $4 million isn't gonna have a lot of incentive to push for a $10 million salary if most of that money just gets taxed away.