Director Responsibility Quotes
Corporate CEO pay had traditionally been 5-15 times the average wage for the company. But it had changed to where in banks and financial companies the CEO pay was often 100-1000 times the average salary. This became a major political issue after the 2008 Meltdown. During the Great Recession some CEOs who had led the company to huge losses and then had to take government money to bail them out and prevent bankruptcy, took multimillion dollar salaries and huge bonuses while average salaries had gone down. There was a move for government to regulate CEO salaries. Macke argued for the position that would finally be taken.