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Limiting Executive Compensation: the Swiss Example

by Jeff Nielson, Bullion Bulls Canada:

Obtaining perspective with respect to the issue of “executive compensation” requires little effort. One simply compares historical norms with the outrageous excesses of the 21st century.

Go back a century ago; when our governments were solvent, our economies were prosperous, and everyone had jobs, and the pay ratio between senior management and the average worker ranged from roughly 3:1 to 10:1. Flash ahead to the 21st century; when our governments are bankrupt (from a massive revenue crisis), our economies are mired in permanent depressions, and structural unemployment is at all-time highs, and we now often see this ratio exceeding 1,000:1.

CEO’s (allowed to run amok) are awarding themselves compensation hundreds of times more than what they are earning. Let me quantify this more precisely for the mathematically-challenged majority. Being paid 1,000 times more than the median wage rather than 10 times more (the norm) equates to being paid 100 times more than one earns.

Read More @ BullionBullsCanada.com

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