RE:RE:RE:RE:RE:RE:RBCProblem is if they tax it that high the C-suite will just have to pay themselves more to compensate for the take home shortfall.. I say they have a cap on executive pay period.. although I'm not sure what a "reasonable" amount would be to prevent brain drain, so its a bit of a double edged sword..
Anschutz wrote: Welll at some point something needs to change. More and more Canadians will become less tolerant of executives personally pocketing 100s of millions $ through extraction of country's resources. The executive compensation in relation to pennies paid to shareholders, pension and investment funds that serve Canadians has reached and surpassed abhorrent levels Perhaps the government should implement a 99% tax on all annual earnings and payouts exceeding $1million. I'd probably vote for a party that campaigned on that.
JohnSP wrote: I worked NW Siberia in early 90's and NE China in mid 90's. You do not want to nationalize the oilpatch.
Absolutely massive inefficiencies, conventional oil recovery factors of 4% vs 30%, 100's of wells drilled where no reservoir was, surface pollution almost everywhere.