American CEO's pay orgy continues

"More and more, a financial oligarchy has wrested control of society. A sliver of the population, numbering perhaps a few hundred thousand, lead lives that are barely imaginable to the average American. These corporate chieftains and their coterie think nothing of dropping $100,000 on a weekend. The typical CEO earns more in a day than most workers earn all year—not even mentioning the millions of unemployed or others unable to work.

"The corporate greed associated with such names as Enron and WorldCom has not at all disappeared. The outright criminality that led to the destruction of workers’ jobs and retirement security—as well as the fleecing of consumers by the millions—only a few years ago has continued unabated. A similar process of looting corporate assets has become so widespread that the CEOs carry it out openly and unashamedly...