I'm not about to try to write legislation here with all of its complexities, but as a general starting point, there needs to be a cap and a ratio to worker pay makes sense. Whether or not there needs to be different levels, exemptions, etc, I'll have to defer on. Access development has flared up my carpal tunnel.How do you propose that be accomplished?
I agree executive compensation is excessive. I would even go as far as to say that they are using their management power to "steal" from the company. Technically, it is the board of directors who should be controlling executive pay, but they aren't. They are, unfortunately, in-on-the-game. From the free-market perspective, the board of directors is the appropriate body to set executive pay. (Shareholders have a responsibility too, as they elect the board of directors) Are you suggesting that the government manage executive pay?
PS: What about private companies? Do you believe the government should define what pay the owner gets?