Workers Shareholders of the World, Unite!

Interesting comment by "lobbygow" on Executive Compensation over at Political Animal:

....wages should be indexed to the number of days the employee in question can be absent without a material affect on product quality or production costs. The greater the number of days you can go missing and not register an effect, the lower your wage.

In addtion, fuck the proxy system. All shareholders are board members when it comes to voting on executive salaries and bonuses. Each quarter, we would log on to a secure site, take a gander at the performance metrics and what the C-levels did in response. We would type in what we thought the officer should be paid for the quarter. The weight of our vote would be proportional to the number of shares. The average value would be what the executive got paid for that period. He/she would be awarded a stipend in advance that was equal to the pay of the previous period. If the value exceeded the stipend, she would be awarded a bonus. If it fell short of the stipend, she would pay the difference immediately.

The post in question is about a new (End of May) study by Boston Consulting Group imploring business to outsource more rapidly and more broadly, across and up the organization. (A patented Fouro-style epic post on BCG's report will be appearing here, later today or tomorrow.)

Hmmm. Now this flavor of internet-enabled transparency looks interesting. While indexing to mid- and lower-level employee productivity could be problematic given the whole new cottage industry of metric-builders needed to support it, strategic management has no such problem. It lives to print phone books full of arcana that can be used to judge their performance on a bazillion fronts. Who can be against a broadening of shareholder accountability of management except, of course, management? As they say, if you've got nothing to hide, what's to be afraid of?

What do you think of lobbygow's idea?