How specifically?<p>I would start with the idea that it is not right for the same person to be the CEO and the Chairman of the Board for a public company.<p>The point of a corporation is to be bigger than one person, if you can afford a CEO, you can afford a separate Chairman, so you get another point of view involved and I think it is better for everyone, I mean the shareholders, employees, customers, and the even the CEO in the long term.<p>That does not solve all the problems but it is a specific step that would improve trust in governance.
Well that's a nice statement and all.<p>But what is the incentive for a company to pay their CEO less?<p>Perhaps explore why CEO pay is high to begin with.<p>It's all well and good to say "this is bad" but it's more useful to have a discussion around why specifically can/should change.
It's wider than just CEOs:<p><a href="https://en.wikipedia.org/wiki/Economic_inequality" rel="nofollow">https://en.wikipedia.org/wiki/Economic_inequality</a>
This is up to the individual company or shareholders, so there doesn't need to be justification.<p>In the free market, salary is worth whatever the buyer is willing to pay.