Corporate executive pay needs to be reconsidered. Proponents of corporate greed will claim all sorts of outlandish reasons why their mansion on the Riviera is benefitting the worker making $7 per hour in the fields. Companies will even use spurious research methods to justify corporate executive pay. The Institute for Policy Studies and the Center for Corporate Policy (2007) notes that "amounts for restricted stock, pension benefits, deferred compensation, and severance pay" are rarely factored into the evaluations of corporate executive pay to make it look like chief executives are not making as much as they actually are. Hiding money, misreporting money, and misreporting data are just a few of the ways corporate America is ruining America. It is high time the people of the United States took back their nation from the greedy corporate executives. A score of executives are laughing all the way to the bank while millions of Americans can barely afford to see a movie after their rent and food bills have been paid.
References
AFL-CIO (2011). 2011 Executive Paywatch. Retrieved online: http://www.aflcio.org/corporatewatch/paywatch/
DeCarlo, S. & Zajac, B. (2009). CEO Compensation. Forbes. Retrieved online: http://www.forbes.com/2009/04/22/executive-pay-ceo-leadership-compensation-best-boss-09-ceo_land.html
Domhoff, G.W. (2005). Welath, income, and power. Who Rules America. Retrieved online: http://sociology.ucsc.edu/whorulesamerica/power/wealth.html
Institute for Policy Studies and the Center for Corporate Policy (2007). CEO Pay Reform: A Point/Counterpoint.
Johnston, D.C. (2007). Income Gap Is Widening, Data Shows. New York Times. 29 Mar 2007. Retrieved online: http://www.nytimes.com/2007/03/29/business/29tax.html
Noah, T. (2010). The United States of Inequality. Slate. Retrieved online: http://www.slate.com/id/2266025/entry/2266026
Werdiger, J. (2011). BP Denies Bonus for Chief, Citing Oil Spill. Dealbook. Retrieved online: http://dealbook.nytimes.com/2011/03/03/bp-denies-bonus-for-chief-citing-oil-spill/
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