What do you consider fair executive compensation? [View All]

[OnlinePoker]

A friend and I were having a discussion on this topic. I remember reading somewhere that Ben & Jerry, before they sold out were getting 7 times the lowest employee's hourly wage. I believe 10 times the lowest is fair. For someone whose lowest employee is earning $8 per hour, the executive's salary would come in at around $170k. Any bonuses would have to be shared equally among all employees. My friend, on the other hand, believes executives should get a base salary with bonuses based on a percentage of the company profits (no profit, no bonus). He also doesn't believe that employees should receive bonuses as a matter of policy but have them decided by the board of directors (I tried arguing that they would never get bonuses under this scheme, but he wouldn't listen). Opinions welcomed.