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You might want to examine ALL CEO's instead of a handful that get press. Facts are most successful companies are not run by completely inept CEO's... I know it goes against what you see on the nightly news, but reality and etertainment/news are 2 completely different worlds.

I would suggest you pick up and read a book called "The Millionaire Mind" and get yourself a bit of an education about the reality of the fiscally successful. What you see on TV isn't remotely reality.

As to why you could build a $3,000 care in the 70s for wages at $15 an hour.. lets look at that shall we.. 1970s.. No Air Bags.... No Emmissions Control.... No ABS, Automatic transmissions were an OPTION, No computers, Air Conditioning was an OPTION, Radios were an OPTION etc etc etc...

You cannot remotely believe that putting a 1970s car beside a 2000 car that they are the same in terms of their manufacture or materials as a 1970s car. What is amazing however is that 30 years later you can still buy cars with all this additional stuff for prices around 7 to 8k... far less than the overall cost of inflation over the same period.

Secondly lets look at things like Pension and Health care for retired workers that are part of the overhead say a GM or FORD MUST pay for out of existing profits, that didn't exist in the 70s. These are fixed costs a that are HUGE expenses that have to be met month after month, and produce absolutely no revenue for the company... This problem has already taken down several large companies as their cost of committments to former employees were so great they could not meet them.

The idea that all CEO's are corrupt or innept is just not true. Yes, there are a lot of less than talented people out there, but hardly because you read about a few handfuls of corrupt CEO's that every CEO running the hundreds of thousands of businesses out there are corrupt and immoral.