Originally Posted by KCWolfman
I would not be in denial if I had a viable source telling me EVERY corporation is increasing executive compensation to astronomical amounts. All it takes is a link to an unbiased source.
Again... I seriously can't believe there are people who can't see the obvious here.
What you see are two stories. Corporations were so oblivious that in 2010, in the midst of a recession, they raised executive compensation by 10%. This is MEDIAN value, not average value. So yes, this indicates that it's happening in lots of places, not just with a few bad apples. Secondly, what you're seeing is a trend where shareholders are putting more pressure on boards of directors to finally restructure executive pay. Good step, but why did it take this long? And how long before the boards and shareholders stop paying attention? And keep in mind that these increases are ON TOP of massive increases made to median compensation pay during recessionary years. Let that sink in. That while corporations were tanking during the recession, MEDIAN executive pay was hitting record level increases.
So good progress. But it has to keep going, and it's not nearly enough to balance the gap. The best corporations are the ones where boards heavily monitor the gap between executive and median wages. But many of them don't care. In fact, there are too many boards that are serving their executives instead of working on behalf of their shareholders.