'CEOs elsewhere in the world are making nowhere near what U.S. CEOs are making.'
So what can we do to restore some basic fairness to executive compensation in the United States? We can start establishing limits on the gap between CEO and worker pay, as the British labor leader Frances O’Grady and many other observers of our contemporary economic scene have urged.
Today, a century later, the nostrums of Taylor’s “scientific management” seem a quaint, even barbaric, relic of a distant past. No contemporary business leader would dare suggest, at least not in polite company, that employees only do good work when management tells them exactly what to do and how to do it. Instead, modern execs orate, at every opportunity, about empowering workers.
Noble sentiments. All regularly ignored in Corporate America’s day-to-day operations. Only a small fraction of the companies that claim to be empowering workers, onestudy has found, were actually engaging in any serious empowerment. Another study, in the, has concluded that top execs are essentially just going through the empowering motions.
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