Executives of the top companies, most notably banks, have always had ludicrously high pay packets. But after Antoine Zacharias the chairman of Vinci had a salary of millions, a hefty pension and a stock option scheme worth a staggering 250 million Euros, thats around $500 Million!
Now there is the argument that they do a hard job, that deserves high pay. After all they run companiesof significant size, comparable to people who have started companies that have risen to huge success. Should their paypacket however be enough to keep a small country going for a year?
Several countries have begun to implement limits on exective pay, with several northern countries bringing in a 500,000 euros limit on Executive pay.
So should there be this limit?
It’s a close call, should the goverment really have this kind of power over individual companies?
With the governments track record in America or the UK in managing their own affairs I find it worrying that they are dictating how to business how they should be run.
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