Anybody who reads the news regularly knows that there is plenty of back-scratching in the executive suites and board rooms of large companies. Not only do they provide bribes, er, campaign contributions to OUR supposed representatives, but they reward each other handsomely with no justification other than some mumbo-jumbo about performance in the proxy statements.
There is little mention of all the people who are paid far, far, far less but made all this "performance" possible. It's a bit like d'Artagnan of Three Musketeers fame who kicked his servant Planchet for "poor performance" but the servant did almost all the work except the sword fighting.
For some examples of this over-compensations see "The Most Outrageous Acts of Corporate America", The Daily Ticker with Daniel Gross, 2011-10-20.
