Youtake a pay cut!: That's whatBarry Diller, a renowned former Hollywood studio chief, thinks big-name actors should do — at least the ones who are clamoring for pay parity in the movie industry.

What Happened: "The one idea I had is to say, as a good-faith measure, both the executives and the most-paid actors should take a 25 percent pay cut to try and narrow the difference between those who get highly paid and those that don't," Diller, 81, recently told CBS News' Face the Nation.

In other words: IfTom Cruise — reportedly the highest-paid...