creating huge amounts of wealth is good

[Pete F.]

Originally Posted by Jim in CT

if you really want what the ceos have, do what they did and you’ll
have it. whiny and jealous.
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Simple isn’t it

Implications of the growth of CEO-to-top-0.1% compensation ratio.
The fact that CEO compensation has grown far faster than the pay of the top 0.1% of wage earners indicates that CEO compensation growth does not simply reflect a competitive race for skills (the “market for talent”) that also increased the value of highly paid professionals: Rather, the growing pay differential between CEOs and top 0.1% earners suggests the growth of substantial economic rents (income not related to a corresponding growth of productivity) in CEO compensation. CEO compensation appears to reflect not greater productivity of executives but the power of CEOs to extract concessions. Consequently, if CEOs earned less or were taxed more, there would be no adverse impact on the economy’s output or on employment.
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