“The straw that broke the camel’s back.”
Kind of like when Lehman Brothers increased the 5/3/07 CEO salary of $52 million, to the 4/30/08 salary of $72 million. Barkley’s Bank in England decided not to get involved with them and by Sept. Lehman was toast.
Source: Forbes CEO Compensation, for 5/3/07 and 4/30/08, and if you want to look at others, 4/22/09. Check out Wellpoint and some of the other insurers, drug, and related medical CEO salaries while you are at it.
I’m all for the free market and I believe that CEOs who wisely guide corporations to success, productivity, efficiency contribute to the general prosperity and should be well compensated. That said, the grotesque greed of these people is a major factor in the negative public perception that opens the door to government intrusion into the market, which is to everyone’s detriment.
Why are million$ upon million$ in compensation never enough for them?