Is CEO compensation part of the economic crisis that exists today?

This week a study was concluded by a Washington think tank that
found 25% of the 100 highest paid U.S. CEO’s earned more last year than their
companies paid in federal income tax. Executive pay disclosure rules adopted in
the wake of the 2008 financial crash have everyone in Corporate America going
ballistic. Almost all analysts now believe that runaway executive pay, played
a key driving role in the run-up to the Great Recession. Executive pay
excesses, as President Obama has put it, “have contributed to a reckless
culture.”

To what extent do you believe the problems in CEO compensation
lead to the economic crisis that exists today?

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