May 1, 2014
RE: Idea for CEO's compensation
Dear Sir/Madam,
I see you are working on new regulation about the CEO's pay and stock options, so I decided to give some input.
CEO' stock options
1. Can not be given for less then 33% of the current value. THIS WILL PUT SOME LIMITS ON THEIR UNLIMITED ENRICHMENT.
2. The CEO or Board member can sell the stock (only referring to stock purchased as an option) only after 6 months from the day of was bought.---THIS WILL PREVENT THE CEO and the BOARD FROM BUYING OPTIONS AND SELLING THEM SAME DAY FOR HUGE GAIN
3. CEO's and Board members cannot be paid more then 3 million dollars annually including all the compensations, options, benefits and bonuses unless all the employees in their company have minimum wage of $15.00 per hour. THIS WILL BRING SOME JUSTICE, IN OTHER WORDS IF THE BOARD AND THE CEO WANTS TO LIVE LAVISH LIFESTYLES THAT IS OK, AS LONG AS ALL THE EMPLOYEES IN THE COMPANY HAVE DECENT LIFE STILE.