Executive Pay: It Doesn't Add Up

The figures for executive pay are simply astonishing. The average CEO in BUSINESS WEEK's 43rd annual compensation survey pulled down a record $3.8 million in 1992, up more than 56% from last year. To get into 1992's Top 10, a chief executive had to make more than $22.8 million. For all the talk of boards of directors cracking down on excesses, for all the prodding of activist shareholders, for all the disclosure rules passed by the Securities & Exchange Commission, CEO pay continues to climb to ridiculous heights. Just how many tens of millions of dollars are needed to motivate CEOs to do their jobs properly?

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