My thoughts also. Of course the multi-millionaire conservative talk show hosts don't want to see CEO pay regulated since they're in the big club themselves.
It seems hypocritical when Glenn Beck and others are hyperventilating over the "injustice" of regulating CEO pay, when their listeners are dealing with the discomfort of increased gas and food prices.
“It seems hypocritical when Glenn Beck and others are hyperventilating over the “injustice” of regulating CEO pay, when their listeners are dealing with the discomfort of increased gas and food prices.”
Spin comes into play. I don’t think it’s the government’s business how much a CEO is paid. I think it IS the government’s business if that number is arranged in a questionable fashion. Often, the CEO is very good friends with some of the board members. This leaves the setting of the CEO compensation package open to the appearance of being unethical.
The shareholders are the real owners. Let them approve the compensation package. Seems to make sense to me.