Buffalo Business Daily

Should the government consider limits on CEO compensation?

The Wall Street Journal reports Germany is currently considering such limits. Around 600k Do you think this is a good idea or should the market value control the numbers?

Public Comments

1. Salary Caps just like NFL but under 1 mill
2. The market should control the numbers unless the government has/had to be involved with a bailout and then the CEO needs to be removed and without any compensation.
3. I'm somewhat against it. But if it does happen, rather than see a flat amount (like $600k) I think I'd rather see the CEO's salary be linked to the wage of the lowest paid worker in the company. (And that would include all the non-salary benefits like stock options, bonuses, etc.) You want more money? You pay your people more.
4. Another step further into Socialism, one more small step towards Communism. You would have thought, of all countries, they would know better.
5. If you take my money I get a voice. Don't want my voice, give me back my money. Congress has an obligation to limit C-level salaries while the taxpayer is footing part of the bill.
6. Ahhh ya! They get millions, even billions of dollars, plus a salary ever year and major stock options just for quiting. Normal American's get unemployment, and thats for only 6 months and if they're lucky, a year. They could retire on like 2 or 3 years salary to start with, why should they get any money at all for doing a crap job. Thats like saying someone should get into Harvard because their GPA was a 1.5
7. No! It's not that I don't agree that they get to much, but it sets a precedent, do you think they should set limits on Actors and Actress? Or have Professional athletics limited ? Once they have the power they will abuse it. They will be setting all of our wages ! Look how often they give themselves raises, do you think they will be that generous with the rest of us?
8. If your asking if government should put a freeze on ceo compensations until these bailout loans have been paid back, then I would say they have an obligation to enforce limits. If your asking if they should put limits on ceo compensations in the free market, I'd say absolutely not, nor should they ever have the power to legislate the amount of success an individual can obtain or negotiate in our free market society.