An observation on American business practice- I have lost the source. Is the issue relevant for credit unions?
During the past 30 to 40 years, the compensation of CEO’s has dramatically increased, relative to that of the average employee. Is the CEO’s proportionate contribution 100 or 1000 times greater than that of the average employee?
Many large American corporations are using distributive compensation process that reflect an employee’s relative power rather than an objective and ethical analysis of their relative contributions. Even Boards are unwilling to discuss this topic.