Why We Need to Limit Executive Compensation
The cancer of excessive CEO pay is at the core of America's economic woes, and it demands government attention
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Confronted with the daunting array of economic failures confronting the nation, it may seem improbable for me to say that excessive executive compensation is one of the issues needing the early attention of the next President and next Congress. Yes this particular cancer—which has been growing exponentially for almost two decades—is at the core of many of our nation's economic ills.
And it is a cancer that the average worker finally understands. During the worst days of the recent stock-market, bank, and credit-market upheaval, a raw nerve was struck on Main Street when workers generally became aware, many for the first time, of the huge salaries being earned on Wall Street and on other streets far removed from Main Street.