A new study for The New York Times reveals that the media pay for the top 200 CEOs is now $14.5 million. This is up 55 in the last year. While any one CEO may be well worth his/her raise, it is a growing political and PR problem for corporate America to be seen as rewarding those at the top, with little consideration for actual performance. For millions of Americans who are unemployed, under employed and being foreclosed on, it seems inconceivable that corporate CEOs can be getting significant raises at a time of such economic hardship. Those who have a vested interest in corporate governance and in public markets have a duty and obligation to reduce cynicism in the eyes of the public.
↧