Reply #31: Its not just the oil execs, executive pay is out of control all over the board

[lifesbeautifulmagic]

I'm sorry, I just do not understand why an Admin Assist gets $35,000 a year, and an executive makes 500,000 and up. And please, it has nothing to do with "the market". These people are crazy if they think they couldn't get just as good and better for much much less.

I don't see why increasing wages for regular people is not even discussed as a solution to our economic woes. Executive pay could be reduced to decent levels and pay for working folk could be increased at least 15%. Why is my salary subject to market conditions, so I am told, but my bosses boss is a gift from the old boys (and girls) club? And let's not even get started about executive pay being tied to (bad) performance.