Problem #PRU-100462

Problems Set theory and logic Mathematical logic Paradoxes

Problem

The board of directors of a company consists of 4 people – one chairman and three ordinary members. The board has a meeting each month, where they decide on the amount of compensation each of them receives for serving on the board. According to the procedure the chairman proposes a new compensation scheme for all the members of the board, and all the members except the chairman vote for the new scheme subsequently. It is known that a member of the board votes for the scheme only if his/her compensation increases more or the same than everybody else’s, otherwise he/she votes against the scheme. The decisions are made according to majority rule. Can the chairman increase his/her compensation by 10 times, and simultaneously decrease every other member’s compensation by 10 times after several board meetings?