Yeah, but these are systematic problems. None of the super-rich CEOs deserve their pay, period. But the problem is a comparison. A CEO who feels like they are underpaid
relative to other companies may feel undervalued merely by that comparison, regardless of being super wealthy.
The rise in CEO pay actually correlates partly with transparency. People thought reporting the pay would shame the waste, but it resulted in CEOs paid more reasonably feeling undervalued, and that drove their pay up.
There needs to be systematic rejection of this nonsense, like all companies agreeing together to pay more reasonably and otherwise pay employees reasonably.
The real best answer is probably a more progressive income tax (ideally with a Universal Basic Income funded by a negative income tax). Then CEOs can brag about how much more taxes they pay than others given how much higher their salary is, but we don't have to have so much waste and inequity.
The rise in CEO pay actually correlates partly with transparency. People thought reporting the pay would shame the waste, but it resulted in CEOs paid more reasonably feeling undervalued, and that drove their pay up.
There needs to be systematic rejection of this nonsense, like all companies agreeing together to pay more reasonably and otherwise pay employees reasonably.
The real best answer is probably a more progressive income tax (ideally with a Universal Basic Income funded by a negative income tax). Then CEOs can brag about how much more taxes they pay than others given how much higher their salary is, but we don't have to have so much waste and inequity.