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Should CEOs Set Their Own Salaries?

January 28, 1992



The editorial says "for business, social, and moral reasons CEOs should voluntarily moderate their compensation." No one voluntarily gives up money or power; that's a lesson from history and why democratic governments have to have a check and balance system.

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Business groups are always complaining about environmental restrictions and other limits imposed on them, but in many ways it's their own fault. How can stockholders control an out-of-line executive as long as the profits roll in?

As for morality, how about executives who lay off thousands and then vote themselves raises? That's not immoral - it's amoral. Boyd Collins, Arcadia, Calif.

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