Reply #11: Unfortunately, that isn't true [View All]

[n2doc]

The reason CEO pay is so high is that it is set by compensation boards packed with the friends of the CEO, usually other CEO's who use the pay levels as justification for their own raises. And anyone who thinks that this is controlled by stockholders is living in a fantasy world- stockholder driven pay measures are defeated in the overwhelming number of cases. CEO pay has skyrocketed in the last 2 decades, much more than other fields. And companies aren't peanized for it, in fact they can use it as a tax deduction (Thanks, CONgress!) Teacher salary, is, unfortunately something that is set by society, as we (non-teachers) rarely put pressure on the pols to raise salaries.