John Mackey, CEO of Whole Foods Market, keeps his pay low to keep staff morale high and donates half of his pay to charity. Most of his pay is based on Whole Foods' performance. Mackey has blogged that stratospheric CEO pay is bad for business because it creates employee dissatisfaction, reduces employee loyalty, and induces the most talented employees to leave. Do you agree with Mackey's outlook? Do you think more CEOs should follow his example? Explain.
Yes, I agree with Mackey's outlook on CEO pay. Although there are several myths which support higher pay for CEOs such as... View the full answer