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The real solution is so much simpler.
We need linkage in publicly held companies between the core worker’s income (that is, the worker who represents the DNA or essence of that company’s product or service) and privileged members of upper management and their friends on the board of directors and compensation board.
Anything above that industry-specific guideline ratio for public companies would need stockholders’ approval. We need to control excessive CEO pay and bonuses to limit core-worker demoralization and employee-vs.-management adversarial relationships, and to create simple fairness.
When even a bad CEO makes more money in a few minutes or even for being fired than I make in a lifetime, the system is broken. This does not apply to private companies or individuals who make a profit based on the product and service customers support in a truly free marketplace.
Nick Mavrogenis, Fridley
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Obama administration should adjust priorities
I am a loyal DFLer, an enthusiastic Obama fan, and I frequently curse at Fox “News.” But …
Harassing a reporter for disclosing sensitive information is rather like blaming the fire alarm for the fire. Freedom of the press (even the less-than-ideally responsible press) is an absolutely essential element of democracy. The administration’s energy would be better spent on teaching its employees the importance of keeping classified information classified.
Jeff Moses, Minneapolis
The Opinion section is produced by the Editorial Department to foster discussion about key issues. The Editorial Board represents the institutional voice of the Star Tribune and operates independently of the newsroom.