I think part of the problem is that there doesn’t seem to be a correlation between what high level executives are accomplishing and the compensation they’ve been receiving. When a union worker gets paid for standing around doing nothing it’s easy to see the outrage, but if a CEO collects a multi-million dollar salary while his stock price circles the drain we hand him a bonus.
What we’re concerned about is the establishment of an aristocracy with an enlarged sense of entitlement. It was on when Thain and company at Merrill tried and shove bailout money into the pockets of the people who ran the company into the ground.
That’s not capitalism. That’s the reason people left Europe in the first place to come to America. Because the cards were always stacked by the “have’s”.
