Re: Corporate Executive Pay US - Japan
The boards of directors and the CEO are in it together. The Board members get stock options and exorbitant pay for 2 or 3 meetings a year. They rarely rock the boat.
They treat the public company as a private company and are aware that shareholders don't have that much power individually and are busy with other things in their lives to pay close attention.
The whole system is bunch of foxes guarding the chicken coop. They plunder we watch, and the right wing defends them as the American Way.