https://www.ncronline.org/news/opinion/distinctly-catholic/ascension-health-commits-structural-sins-income-inequality MGB:
The Lord said that evil done in the dark will not survive the light. Surely this applies to this story. Kudos to MSW for highlighting this issue. Publishing these salaries to a larger audience may well shame Ascension Health's Board of Directors to cut executive salaries. Missouri is unlikely to do anything because it wants businesses to locate there. Until the Sisters who allow them to maintain their non-profit status, Catholic Health, or the USCCB demands a reduction, nothing will happen. The capitalist labor market for CEOs will never do so.
The root problem is not Ascension, it is Capitalism, not as free market but as the despotic rule of executives over workers, their ability to control prices and to give themselves high wages with only boards filled with their suggested membership to stop them. The answer is employee ownership, with executives bidding for positions in open auction (leading to lower compensation)/ Al wages would be paid at living wage rates with additional compensation for families, likely with government support through tax policy. The free market for wages won't do this, although cooperatively owned systems where consumption is internalized can do so without such assistance.
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