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[-] ByteOnBikes@slrpnk.net 12 points 3 months ago

Does that apply to those situations where a CEO's salary is $1?

But theyre paid in stocks?

[-] bobs_monkey@lemm.ee 22 points 3 months ago

Make it 1/20th the CEO's total annual compensation package value

[-] Armok_the_bunny@lemmy.world 15 points 3 months ago

Two ways I can think of to close that loophole: a) make tie the minimum wage to the executive's total compensation, so the workers either get the proportionate amount of stocks as the CEO or money of equivalent market value (also include expected performance bonus as part of that) and/or b) keep a basic minimum wage around as well, so that CEOs can't accept a pitifully low salary outright.

this post was submitted on 15 Aug 2024
245 points (98.0% liked)

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