Friday, August 3, 2007

The most overpaid CEOs in America

Executive compensation continues to soar, even for many CEOs whose job performance has been terrible. These five companies paid the most to CEOS while their stocks did little for shareholders.

I have a friend living in Harlem who works at a clothing shop in midtown Manhattan several days a week to help pay her way through college. When she hustles on the job, has a little luck and "makes her numbers" for the month, she'll get an extra $100 bonus on top of the $850 she earns in the $8.50-an-hour job. If not, she has trouble paying her bills.

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