Should Your Paycheck Be Public Knowledge?
BY Mike Hofman
The Wall Street Journal's opinion journal posted an interesting piece on CEO pay. Efforts to disclose pay figures in public will do nothing to improve CEO performance, the author argues. Instead, the government should reduce some of the regulations on corporate takeovers--if exces were more afraid of a takeover, the reasoning goes, they'd do more to earn their pay.
Of course, this article refers to public company CEOs. But one has to wonder how many entrepreneurs receive salaries approaching 10% of sales and whether or not their employees or investors would object to such a figure.
Last updated: Jan 23, 2006
MIKE HOFMAN was previously editor of Inc.com and a deputy editor at Inc. magazine, which he joined in 1996. The site was nominated for a National Magazine Award for Digital Media in 2010, and was named the best business website by Folio Magazine. In 2006, Hofman was part of a team of writers nominated for a Webby Award for best business blog. He lives in New York City. @mikehofman