4 . WHAT IS FAIR AND REASONABLE ?
4 . WHAT IS FAIR AND REASONABLE ?
In extension of ‘ flattening the curve , Deloitte also highlights the issues around what is ‘ fair and reasonable ’ when it comes to executive pay ?
In its 2019 report , Deloitte identified that the answer to such question is dependant on seven variables which it expands on in its 2020 report with the additional context of COVID-19 :
1 . Well paid executives who earn more than enough to provide for their family now and future generations , who are striving to repair the damage caused by COVID-19
2 . The average person working to provide for their family frustrated at being unable to advance their position or pay , but thankful for still having a job which they may or may not appreciate is dependent on executive retention and performance
3 . Union representatives working to address the needs for a fair wage , who may or may not be mindful that continued employment is dependent on executive retention and performance
4 . Large numbers of semi employed people who are barely surviving the economic impact of COVID-19
5 . The unemployed who can barely get by from day to day , struggling with the impact of COVID-19
6 . Politicians who are concerned with the disparities between the privileged and underprivileged and unemployed , who understand that growth in commerce and industry will enhance the economy and lead the majority into future posterity
7 . The columnists who expose perversity , corruption , and the disparity between the ‘ haves ’ and the ‘ have nots ’
“ COVID-19 has become the major issue confronting the world and its impact , in one way or another , will be long-lasting ”
— Deloitte , Executive Compensation Report 2020
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