The current system of setting salaries and bonuses for company officers is highly incestuous. CEOs and others often make out like bandits while the company fails. Why? Because everyone sits on everyone else’s boards, voting each other raises and bonuses. “You scratch my back, I’ll scratch yours.” This practice must stop!The status quo was caused by current governmental regulations. We must change those regulations to prevent these types of relationships. If necessary, we must cap salaries based on some formula of sales, profits, number of employees, average employee salary, etc.
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