Should the US bailout the big three automakers?

[Dwight]

just saw this on AOL news

Dwight
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a cursory analysis of the evolution of executive compensation over the past few decades is enough to bring out one's inner Karl Marx. By now, the statistics are pretty well-known, but let's review them one more time: in 1982, the average CEO made 42 times as much as the average worker; by 1990, they were making 107 times as much as their employees, and by 2007, 275 times as much. This meant, incidentally, that the average CEO made more in one workday than the average employee made all year.

Some studies have suggested that employees don't begrudge their bosses the extra pay as long as the company is doing well. However, even by that metric, CEO compensation has grown out of control. With companies lining up to take government bailouts, it is worth asking exactly what companies are getting for their money. One can only imagine the feelings of AIG's rank-and-file employees, and the attitude among low-level workers at Merrill Lynch must be downright mutinous.

At its base level, the incredible disparity between CEO pay and that of rank-and-file workers suggests an out-sized veneration of the executive suite. Based on pure numbers, the idea seems to be that every CEO is worth 270 trained workers. Disturbing enough as that is, this perspective also goes a long way toward explaining the massive decline in customer service over the past few years.