Salary Caps for CEOs?
There’s been a lot of talk lately about CEO salary caps. I certainly understand the sentiment. It’s hard to believe that someone can receive compensation in the millions of dollars while apparently underperforming.
But as I look at scripture, I’m concerned that we might be missing a bigger issue. Let’s recognize a few things:
1. We’re all rich. If you’re reading this on a computer you have free access to, you’re in the top 5% of the wealthiest people in the world. Have a car? Live indoors? With running water? You get the point. You and I getting upset with the “richer” people must seem pretty silly to the family living on $4/day.
2. The pay system on this planet is messed up. Sure, some CEOs make a ridiculous amount of money. But so do some entertainers and athletes. If we put our money where our mouth is, it’d be teachers, stay-at-home moms, and caregivers that were the highest paid. So, determining a “fair” salary is kind of like chasing a rainbow. And really, don’t we all make more than we deserve? Again, don’t compare yourself to the person in the next cube, but rather the person halfway around the globe.
3. Okay, here’s the Bible part: God doesn’t seem to be mad at rich people. He doesn’t seem concerned with how much money we make. There’s no salary cap in scripture, even for God-followers. But he does seem concerned with how much we keep for ourselves versus how much we give away.
Look, there will always be rich people. And, you’re likely one of them. So here’s a great passage specifically for us:
(1 Timothy 6:17-19) As for the rich in this present age, charge them not to be haughty, nor to set their hopes on the uncertainty of riches, but on God, who richly provides us with everything to enjoy. They are to do good, to be rich in good works, to be generous and ready to share, thus storing up treasure for themselves as a good foundation for the future, so that they may take hold of that which is truly life.
Want some more practical thoughts on balancing faith & finances? Join us this Sunday for the final part of our series, “Balanced.” See you Sunday!