If corporate boards were actually governing bodies of any sort, then this sort of thing wouldn't happen. Instead they've turned into an old boys' network where backs are reciprocally rubbed and everyone looks the other way. If the investor's best interests aren't being looked out for, why would one presume that the interests of consumers or workers would?
Capitalism is good. This is not capitalism but cronyism. In effect the cronies on the board of directors are looting the profits of the company and in effect screwing the shareholders. Unfortunately in many of the major companies this is common and not the exception. These actions will eventually disgust the public and shareholders and will be replaced with something even worse,GOVERNMENT CONTROL>
If we start limiting what someone can make, it will trickle down and whatever any of you are making now will go down as well.....we can do without socialism...
Whatever any of you are making is probably much more than the clerk at Wal-Mart or the janitor in my building....
So, you should cut your pay to be in line with those who make less than you....
It's all relative....why not get a better education or work for a multinational company, and move up the ladder a be a wonderful manager?
This money rightly belongs to the shareholders. Hank mckinnel did not do anything of note except preside over a cash cow enrihed by Viagra and Lipitor.