LogFAQs > #904451207

averagejoel posted...

Sativa_Rose posted...

All forms of maximum wage are terrible. People who think it would be a good idea because of rich CEOs don't even grasp that their compensation isn't even a wage to begin with. In a world of stock-based compensation, a maximum wage is nonsensical.

the obvious solution is to limit stock-based compensation. or better yet, do away with it entirely

This is nonsensical. Stock-based compensation is also how workers can get a share in their companies. And if you're going to limit it, what share price do you use? Especially if it's a private company and not publicly traded. How are you going to value the company? You need to value it to determine how much is too much. Another thing is that the price of a stock can change radically. Say you were an early employee of Microsoft and got some stock worth a few thousand as a part of your compensation. That could end up being worth many many millions later down the road. Or it could end up being worthless if the company goes bankrupt. Nothing is ever guaranteed with stock.
---

I may not go down in history, but I will go down on your sister.