I am more convinced every day that the marginal income tax above a certain limit (my proposal is 100 * 2000 * minimum wage per hour, I'm willing to go lower to build consensus) above which the income shall be taxed at 90% of the additional income. It is the right thing to do. I want companies to go to the executives and say "look, it costs us too much to give you any more money. Please try to cooperate."
It is the right thing to do.
If you do own stock, then get enough shareholders together to vote on executive compensation.
That's the proper mechanism. If you can't get enough shareholders to change things, then I guess it's not that big of a problem to most.
The other option is just don't own stock. That's your choice.
I understand not every decision can be made in a centralized manner but I think a progressive personal income tax is the right thing to do.
When a certain part of economy inflates some other part deflates. And that other part might be more important than unicorn companies that are pure bubbles full of hot air offering exaclty 0 in the society.
I hope you cheerlead with a lot of gusto for the golden boys. After all they didn't take money out of your pockets? Right? Right???
And yes, if Yahoo decides to pay ridiculous compensation to their CEO, I don't care. I don't own any Yahoo stock.