October 27, 2014
Q&A With Bob Monks & Nell Minow
– Broc Romanek, CompensationStandards.com
I’m always curious as to what Bob and Nell think about the issues of the day – here’s a USA Today interview that gives the latest from them. Here’s an excerpt:
Q: Why is that, given the widespread recognition CEO pay, especially relative to what average company employees earn, is a problem?
Monks: People with power are very reluctant to give it up. While all of us recognize the problem, those with the power to change it like things the way they are.
Minow: There’s a strong streak of narcissism, sociopathology, of killing the goose that lays the golden egg. In the long run who’s going to be able to buy products if we have an economy where resources aren’t more evenly distributed?