Fall 2009 Do CEOs Deserve Their Pay?

CEOs are Overpaid

Adeleine, Baran. "High CEO Pay Is Unfair to Workers." At Issue: Corporate Corruption. Ed. Susan Hunnicutt. Detroit: Greenhaven Press, 2007. Opposing Viewpoints Resource Center. Gale. INLAN - Gonzaga University Library. 19 Oct. 2009 <http://find.galegroup.com/ovrc/infomark.do?&contentSet=GSRC&type=retrieve&tabID=T010&prodId=OVRC&docId=EJ3010462212&source=gale&srcprod=OVRC&userGroupName=gonzagaufoley&version=1.0>.

This article states that the increase in pay to CEOs of major companies around the United States is more than triple that of the pay increase for an average worker. It also was written in 2003 which alerts people to the fact that the CEOs have been being overpaid has been a problem for a number of years and should have been taken a look at much sooner than the recession we are now in. The author believes that the CEOs have been abusing their power for a long time and that Corporations in the end are very corrupt.

"American CEOs are overpaid and over-hyped'. " India Abroad  27  Sep. 2002,Ethnic NewsWatch (ENW), ProQuest. Web.  19 Oct. 2009.<http://proquest.umi.com/pqdweb?index=5&did=491140021&SrchMode=2&sid=7&Fmt=3&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=1256010376&clientId=10553>.

The author of this article strongly detests the fact that CEOs are getting treated like celebrities in America today. He believes that in the U.S., CEOs have recently began to flaunt their wealth and believes that this could be a cause of the high overpayment of many CEOs. He goes on to say that most Superstar CEOs will fail quite often because they do not focus on the company as CEOs have in the past and that they will jump from company to company to receive more money.