We have no problems with earning large amounts of money as long as they earn it properly. But it's a well known fact that the bosses of corporate America are some of the most greediest people on the planet with their compensation packages having zero connections to either performance or reality.
Have a bad year, get paid millions plus of course millions more in stock options. Have a good year, just get paid even more.
This startling fact proves how far disconnected things are.
In 2005 Toyota Motor Corp paid its 26 top executives, including the president a combined $8.27 million
That works out an average of $320k each and this was little changed from the previous year
Toyota is the most profitable car company in history
In 2005 General Motors CEO Rick Wagoner was paid $5.5million but the company had the decency not to pay a bonus because it lost $10.6billion
Of course, Wagnor most probably views himself as underpaid as some US executives seem able to earn literally billions in salary and stock grants over a 5-10 year period. Not bad work if you can get it but is any manager really worth that money?
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