It has been suggested that executives seek higher salaries in comparison to other executives, as a means of recognizing com- parative ability or performance. Th at is, high salary is a means of recognizing the status of the executive amongst their executive peers. In this case new provisions for the reporting of executive salaries as a means of restraining them would be self defeating. Th e information about salaries of executive peers would • serve to motivate executives to seek parity with any more highly paid executive. If executives with superior to average performance then received a higher salary it would result.
