The Institute for Policy Studies has released a no holds barred report on CEO pay, culture. Even the study title screams outrage, Executive Excess 2013: Bailed Out, Booted, and Busted. Every year there is a list of the top 25 highest paid CEOs and over the past 20 years this list has included 500 executives. Of those 500 who made the Wall Street Journal's top 25 highest paid Chief Executive Officer list, a whopping 38% were utter failures at their jobs.
Remember Say on Pay, the legislation that was supposed to curtail executive compensation, yet ended up being watered down to nothing? Now a token symbol?
Have your say on Say on Pay. Executives now get over a third of all income in the United States. We saw outrageous bonuses to the very people who put the entire globe on the brink of financial Armageddon with us footing the bill for their folly.
The debate is over on the need of corporate executive compensation reform. We must have reforms on how the top brass are paid in this country. Else we risk commissioning the very same captains for yet another economic ship of fools joy ride similar to the one which just brought this nation to the brink of doom.
Now the question is which reforms? Will they actually work as intended?
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