Forgot to post on an article that I saw this past weekend (Investor’s Business Daily… sorry no direct link available). It had a brief note that
…Peter Drucker once warned that CEOs who receive 25 times more compensation that the average employee’s salary undercut the teamwork demanded by successful enterprises.
… Tom Peters…, recently urged boards to clamp down on bloated CEO pay.
I’m more of a “Druckerite” than a “Peterist”, but it is interesting that both agree. Ideologically I have difficulty with imposed caps. However, given the bubble has just burst, it is hard to believe that the ROI claimed by highly-paid executives was anything more than bubble-driven.