Overpaid Bosses

Overpaid Bosses | Saturday 31 May 2008 | by: Le Monde| Editorial

Is it tolerable that company executives should receive as much salary in a week as an employee does during his whole working life? ...
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There's no question in this instance of pleading for a leveling equalitarianism, only of asserting that it is indecent, amoral, socially destructive and irresponsible to practice such wage disparities. They are, moreover, unprecedented in the history of capitalism. In several Northern European countries, voices are protesting in favor of a ceiling on the most extravagant remunerations. That would be a second-best solution. But, clearly, self-discipline is not adequate - even to protect capitalism from its own excesses.