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Critics have charged that compensation to top management in the United States is simply too high and should be cut back For example focusing on large corporations Millard Drexler of clothing retail

Critics have charged that compensation to top management in the United States is simply too high and should be cut back. For example, focusing on large corporations, Millard Drexler of clothing retailer The Gap has been one of the best compensated CEOs in the United States, earning about $13 million in 2001 alone and almost $400 million over the 1996–2001 period. Are such amounts excessive? In answering, it might be helpful to recognize that superstar athletes such as Tiger Woods, top entertainers such as Bruce Willis and Oprah Winfrey, and many others at the top of their respective fields earn at least as much, if not a great deal more.

Jun 24 2020 View more View Less

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