Except there isn't a free or open market in the selection and remuneration of CEOs and other business executives. Executive selection and remuneration is decided by a small subset of stakeholders with specific interests in mind (I deliberately don't use the term shareholders as most shares in large UK corporations are not held by individual investors but by other corporate entities managing other people's capital). This is why CEOs and other execs tend to come from a small in-group of people and the skills and experience required is less tangible than certain other well paid, highly skilled roles i.e. you would expect a Consultant Surgeon to be a qualified doctor, with many years of certified training and experience in their specialist field, whereas CEOs and executives may not actually have any specialist skills and experience in their industry and instead have more opaque credentials where their exact contribution is harder to quantify.

Very few wealthy people have a social conscience with most only being driven by the desire to be wealthier than their peers.

Although Corbyn's idea of an upper wage limit may, in some ways, sound sensible, it will never happen and sadly, people end up like commodities and if a few end up "worn out", they are easily replaced.

Nobody would mind if someone worked twice as hard as the next man and was paid twice as much. However, wealth is often gained by exploiting others and yet we are encouraged to look up to these people and admire their status.

https://www.theguardian.com/business/20 ... says-study This is an interesting read on this topic. Share price, while not a perfect reflection of company performance, is the best approximation we have. The average pay package of a FTSE 350 CEO increased 82% from 2001 to 2014. The return on invested capital? Less than 1%. I disagree with the idea of a maximum wage. The reason for a minimum wage is so that people can survive (in theory) off what they earn. There's no such justification applicable to a maximum wage. However, this isn't to say that inequality isn't an issue, particularly when regressive taxes like VAT have been increased since the Conservatives came to power. We need to do more in terms of progressive taxation as inequality has high negative external costs, for example the implications for mental and physical health. Poorer people also have a higher propensity to consume and also a lower propensity to import, both of which are good things for the economy.

https://www.theguardian.com/business/20 ... says-study This is an interesting read on this topic. Share price, while not a perfect reflection of company performance, is the best approximation we have. The average pay package of a FTSE 350 CEO increased 82% from 2001 to 2014. The return on invested capital? Less than 1%. I disagree with the idea of a maximum wage. The reason for a minimum wage is so that people can survive (in theory) off what they earn. There's no such justification applicable to a maximum wage. However, this isn't to say that inequality isn't an issue, particularly when regressive taxes like VAT have been increased since the Conservatives came to power. We need to do more in terms of progressive taxation as inequality has high negative external costs, for example the implications for mental and physical health. Poorer people also have a higher propensity to consume and also a lower propensity to import, both of which are good things for the economy.