This post was originally made by Dwang.
I agree with him on most part.
He basically explained how CEOs of big companies are being overly compensated.
Yes, it seems as they are being payed way too much.
Even the CEOs of a company which made a mistake on their ratings as Dr. Grace said in class one day.
http://www.aflcio.org/corporatewatch/paywatch/
President Obama and Barney Frank discussed an intresting opinion in the past.
http://blogs.harvardbusiness.org/hbreditors/2009/02/just_how_much_is_a_ceo_worth.html
It is to restrict the salary which the CEO can recieve.
Especially, if they are under the bailout, why must they get paid excessively?
Even with the "skill" they may have, why have them the opportunity to recieve such amount which are well over the average income in this country?
http://en.wikipedia.org/wiki/Household_income_in_the_United_States
However, it did not make sense to me when he compared the minimum wage workers at McDonalds to a CEO of that company.
US is developed through capitalism and capitalism allows hard workers to achieve the rewards.
Therefore, the CEO of a company can not be compared to those who work for the minimum wages.
They must have different backgrounds in terms of both education and experience.
And without this difference, U.S would not have survived until now.
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