Recently, I read an article entitled "Captains of Piracy". The article is a good read and I have to say that I agree with the author. America's CEO's are definately compensated much more than they certainly earn. My problem with the compensation issue is why can't those excess profits be shared among the owner's of the corporation, the shareholders. The most awful part about all this is that even when companies were going under, or even just reporting losses for the period the almighty CEO received a large bonus. The article mentions some good examples. Disney's Michael Eisner, and Hewlett Packard's Carly Fiorina. Both of these individuals were rewarded with healthy sums of money when neither deserved it nor earned it.
"As John Kenneth Galbraith once put it: "The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself."
Some may argue that CEO's have top be paid large amounts of money and receive huge bonuses, in order to keep good talent around. I hope they are trying to keep GREAT talent, but the problm is they aren't. When a CEO has earned his due he should be rewarded, but in my opinion he should earn it. That means he must work just as hard and longer if need be than any other employee to earn his reward. Just because he is the guy that calls all the shots doesn't make him so special that they no longer have to work hard for what they earn. I feel that if CEO's shared a little more of the pie with everyone else. Everone else would benefit, and higher levels could be reached by all.