CEO Pay, Capitalism, and the Case for a Better Deal
The following is adapted from an essay I wrote a few years ago as part of my graduate program at Avila University . CEO pay is not a new topic. Both texts I read for this module were written in 2006, and reference is made to as far back as 1992. Still, the political significance of this topic is near the forefront again with the accusations (and in places, embrace) of "socialism." It doesn't take a socialist to be fed up with the sky-high amounts CEOs are paid. Abigail Disney spoke for many of us when she said: "Jesus Christ himself isn't worth 500 times his median worker's pay." — Abigail Disney, filmmaker, Disney heiress, and Patriotic Millionaires member (Edgecliffe-Johnson, 2019) The Numbers Don't Lie Earlier this year USA Today published a list of the top 100 highest paid CEOs at major companies in the United States. The results demonstrate the immensity of the problem. At number 100 was Michael Kaufmann of Cardinal Health, whose most r...