Excellent CEO's and people in upper management deserve the money they get because they create vital jobs and provide great services, the companies listed here have done neither, and thus their management doesn't deserve such exorbitant pay.
All company CEO's and upper management should have pay raises or pay cuts based upon their business performance. If the company's bottom line grows by 5%, they should get a 5% raise. If it drops by 15%, their pay should be cut by 15%. That way, they have a true vested interest in making sure they protect their company's future.
That's a very ridiculous idea to put into motion for anyone else but the CEO. It's staking their finances on something beyond their control.
I have no problem with this alleged "fascism" by Obama.
