Here's One Good Answer
Friends,
As you know by now, I don’t like raising big problems without offering big potential solutions.
The big problem I want to talk about today is that CEO pay has become utterly untethered from reality.
When I was a young man in the 1960s and ’70s, CEOs typically made 20 to 30 times the pay of their workers. That was enough to reward leadership, but not so much as to distort the entire economy and alienate workers who could still aspire to the American Dream.
Today, the gap between CEO pay and the pay of average workers has exploded. The average CEO at a major corporation now takes home nearly 300 times what their employees earn.
In some cases, the disparity is so grotesque it defies belief. For example:
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