An article published in Rueters by Bill Rigby reported on Reuter's Conference on Corporate Reform. Out of this conference it was reported that U.S. CEOs now get paid more than 500 times what the average worker earns.
Later in the article, Corporate Reformer Ira Millstein remarked that "[He doesn't] know how you set a cap on pay -- you can't legislate this one."
Well, I've got the solution ...
Corporate boards should take a page from corporate america's playbook. They should set a reasonable wage for the executive (say a mere 50 times the lowest wage of the company) and say "that's it; that's what this job pays. We are looking out for our shareholders by passing on the savings. Take it or leave it. If you won't work for these starvation wages, we will recruit off-shore. I'm sure we can find someone, somewhere in the world, equally talented at losing money as you, that would be willing to work at this wage."
Hey, it's good enough for the cashier, the secretary, the mailroom clerk, it'll be as effective for CEOs. Like the "worker" where else are they going to go. CEOs still have to eat.