Thread by @mgoldfarb999

@yesweekly 1/ Fixing the pay gap can be achieved in one of two ways, either by self-regulation or by government regulation.Read more bit.ly/3rJLP4K by Jim Longworth @jim_longworth via @yesweekly

2/ [Fixing the pay gap]68% of the Swiss people chose the latter[government regulation] back in 2013 when they voted to enact the “Popular Initiative Against Abusive Executive Compensation.Read more bit.ly/3rJLP4K by Jim Longworth @jim_longworth via @yesweekly

3/ [Fixing the pay gap] ” Among other things, the initiative bans golden parachutes either at the point of recruitment or severance. Read more bit.ly/3rJLP4K by Jim Longworth @jim_longworth via @yesweekly

4/ [Fixing the pay gap] Lord Wolfson, former CEO of NEXT Clothing, chose the former option for reform when he decided to give his $3.7 million bonus to his employees.Read more bit.ly/3rJLP4K by Jim Longworth @jim_longworth via @yesweekly

5/ [Fixing the pay gap] And, long-time Bank of South Carolina CEO Fleetwood Hassell, agreed to cap his salary at four times that of his average employee, who, eight years ago made $48,000 per year. Read more bit.ly/3rJLP4K by Jim Longworth @jim_longworth via @yesweekly

6/ [Fixing the pay gap] Meanwhile, Sen. Bernie Sanders wants to enact tax penalties for any company whose CEO pay ratio exceeds 100 to 1. Read more bit.ly/3rJLP4K by Jim Longworth @jim_longworth via @yesweekly

7/ [Fixing the pay gap]Each approach has merit, so perhaps the best solution is for Congress&IndustryLeaders to workTogether to createA hybrid initiative thatEncompasses the bestElements ofEach.Read more bit.ly/3rJLP4K by @jim_longworth via @yesweekly

8/ In any event, we need to make a course correction[Fixing the pay gap] sooner than later. Read more bit.ly/3rJLP4K by Jim Longworth @jim_longworth via @yesweekly

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