One Way to Cut Executive Pay
According to MSNBC "GM has revealed that its new CEO Mary Barra stands to earn as much as $4.4 million in her first year on the job. That’s if she collects on the full $2.8 million that’s set aside as part of a short-term incentive plan. (She also could collect a potential $1 million in a new stock offering.) But Barra’s base salary is $1.6 million — a full $100,000 less than outgoing CEO Dan Akerson earned in 2012."
If shifting to female leadership reduces executive pay and frees up money for dividends to shareholders, I say go for it. The pace of decrease ought to be greater than $100,000 per change at the top, however, and not just apply to the CEO. If there is some equally capable person willing to do your job for less money, you are overpaid. Such as been the attitude for everyone but those at the top for 30 years. But it works both ways. And as for the rest of us getting a better deal, whatever works.