Some things need control. The reasoning for a free market is great in some areas, but poor in others.
There are controls on the salaries of the Presidents of the colleges as meted out by the State Board of Regents. If there are controls on the salaries of the leaders, teachers, professors, etal, then there should be controls on the athletic leaders in the same college.
There are controls (called bargaining agreements) on most workers in the major companies, caps on managers, but none on the CEO's of the companies. They draw 10-50 million a year and do not own the company.
I agree that a person who owns a company should be able to make as much money as he can possibly make. If he wants more money, he expands he business or creates another company. Nothing wrong with this free enterprise system, because he is hiring more workers to make more money.
However, all employees should have caps on their salaries through bargaining or some fair method set up by the President of the company, but the CEO should also have a cap.
Some companies lay off 1000 employees at a medium of $50,000 per employee while retaining or increasing the salary of the higher-ups and CEO. If a CEO makes $20,000,000 a year, maybe the CEO should be removed due to the drop in business, and his salary could retain approximately 400 of the fired employees.
I like free enterprise, but we have become a nation of communism (socialism). We have the elite and the poor. Those in the government jobs are the elite and they intend on taking all the money and leaving the remainder of the nation as mere servants receiving a pittance for their salaries.
The government uses our tax money to help the big companies who will support their agendas by allowing the huge salaries to the elite while allowing layoffs to the low wage earners.
It is a coordinated effort by the socialist to split the ranks into the elite and poor, so that the elite controls the government and the working class.
Without controls to limit the the elite's salaries, they will control the masses. There needs to be free enterprise in business to the point that anyone can open his own business and profit from it. He should be able to make as much money as he desires. However, his CEO's and high ranking officials should have limits so they do not eat up all the profits and leave the workers poor.
If the onwer or conglomerate will not limit the high salaries of the elite, then the government should set controls on their salaries in proportion to the salaries of the workers. If a company needs to reduce its overhead, the first thing that needs to go is the high salaries of the CEO and his cadderie of elites. If the company is in a bind, then it is mostly the fault of the CEO and his cadderie, not the workers, but they are the first to suffer.
Father Time