Why aren’t there reasonable legal caps on CEO salaries?
Answer by Drew Steig – Quoras Own Start Up & Small Business Guru
Answer originally posted on Quora.Com
The real question you should be asking is why should there be caps? In most companies a ceo is responsible for company growth. A healthy growing company provides more jobs, more tax revenue, and a healthier economy. If we take away the financial incentive, why would anyone do this job? Being a ceo is extremely hard work, and to do it well, it consumes large quantities of your time. Successful ceos are not lazy corporate fatcats who live off the work of others, we are hardworking americans with families and lives just like you.