|
Yes, I've wondered much the same thing. Sure, CEOs are (well, ideally), very talented people, and something of a rare commodity. They should be paid accordingly. But executive pay seems to be growing completely out of control, especially relative to average worker pay. I think that perhaps the 'old boys network' you describe is exactly the reason. I'm honestly not sure how to solve it...government regulation seems wrong to me in this case, but 'the market' doesn't seem to be solving the problem to me very well.
|