Do most CEOs earn their hefty pay, or is the system getting out of hand?
Delinquency, n. 1. failure in or neglect of duty or obligation.
The controversy over CEO pay is not just an accounting matter. Love them or hate them, corporate chief executive officers preside over a vast segment of America's wealth. How they manage or mismanage it enriches or impoverishes their shareholders and the entire nation. CEOs are often unfairly stereotyped as heartless because they shut plants and cut jobs—unpopular actions that are often necessary. Still, the public pounding of CEOs for their lavish pay packages is amply justified.
Any tally of CEO pay suggests jarring disproportion. The Post recently reported the 100 best-paid executives in its region. The highest received $39.6 million, and all the top 20 exceeded $10 million.
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