Gareth Sheridan argues that a €500,000 cap on executive pay overlooks the competitive and innovative nature of industries, particularly in finance and pharmaceuticals.
The Pac-12's last financial report reveals significant revenue decline and executive pay issues, emphasizing fiscal mismanagement as key factors contributing to the conference's downfall.
"One of the main use cases of the report is nonprofit organizations doing their due diligence on executive pay, making sure that they're not overpaying their executives and they're not underpaying," said Mukai. "They can say, 'Hey, in this report...the executive or the CEO is being paid this amount, so what we're paying is reasonable.'"