March 21, 2017
The vast disparities in pay between CEO's and the average worker's pay cannot be allowed to continue in the dark. Free markets do not operate well when information is hidden, or is shared only with the few well connected enough to get the information. This is why insider trading is illegal.
Without this information, the only check on surging CEO pay is either the board or by a stockholder action. But the stockholders rarely get the information.
Moreover, when the information remains hidden, it is hard to tell when a stock's price might be in conflict with the pay and/or policies of a CEO, who would have an interest in manipulating the stock price.
The only reason to not publicly share such data is because CEO's know that they are overpaid. And they are embarrassed and ashamed. But they're not so embarrassed and ashamed that they don't want to keep all of the money they can get from the corporation - or be put in a place where they must discuss the free market economics of hiring CEO's.
Most Americans grasp that highly talented people should be well paid for their efforts. For example, the pay of star athletes is often discussed on various sports media. Whether or not a franchise might be better off spending limited resources on a wider pool of diverse athletes as opposed to spending a lot on one star athlete is a common topic, made all the more popular by books like, "Moneyball."
Americans deserve truth and information from our government and from the corporations that drive our economy.