Reply to "Millionaire College Presidents"

quote:

Without public scrutiny, excessive compensation tends to become the norm rather than the exception.

Public scrutiny of executive pay generates class warfare. A majority of people are jealous of those with high salaries. Each of these institutions has a board of directors responsible for the direction of the organization. If they don't feel the president is getting the job done they will remove the person. In the business sector major stockholders also become an influential part of the process.

I never consider executive pay and corporate profits when I make a purchase. I consider the quality and value of the product.