I would actually be OK, with the CEO/worker pay discrepancy if the CEO was held criminally responsible for company wide illegal behavior.
I would like a rule that the CEO is criminally responsible for any company-wide illegal behavior. Even if they claim that they did not know, at their pay scale, it was their responsibility to know and thus they are criminally negligent. Under this rule, the WellsFargo CEO would be a convicted felon and had a prison sentence.
This rule would do wonders to clean up illegal activity. Right now, it is in the CEO's interest to put incentives in place that can only be achieved via illegal behavior and then turn a blind eye to the behavior as long as the stock price goes up. This would change that and force them to actively try to keep illegal behavior from happening, since they now face prison time if it occurs.
I would like a rule that the CEO is criminally responsible for any company-wide illegal behavior. Even if they claim that they did not know, at their pay scale, it was their responsibility to know and thus they are criminally negligent. Under this rule, the WellsFargo CEO would be a convicted felon and had a prison sentence.
This rule would do wonders to clean up illegal activity. Right now, it is in the CEO's interest to put incentives in place that can only be achieved via illegal behavior and then turn a blind eye to the behavior as long as the stock price goes up. This would change that and force them to actively try to keep illegal behavior from happening, since they now face prison time if it occurs.