And that person is a CEO. He is a stupid and ignorant individual.
Many CEOs are figureheads. Most of them don’t deserve their station.
Why? The raise impacts 5700 of the 48000 employees Aetna has. The total amount of the increases in salary is probably less than the $35 million he made in salary and bonuses for 2012. It's not going to impact the company's bottom line by any appreciable amount, and may well cut down on employee turnover. It's a smart business decision.
Nonsense.
If you dont’ understand that companies have every right to set the rate of pay and benefits for their employees you just proved that you don’t have to be a CEO to fit the description in your post.