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One of the hottest business issues today is the outrageously lavish pay of many chief executive officers (CEOs) vis-a-vis corporate profits.In 1990, for example, United
One of the hottest business issues today is the outrageously lavish pay of many chief executive officers (CEOs) vis-a-vis corporate profits.In 1990, for example, United Airlines' CEO got $18.3 million -- 1,200 times what a new flight attendant makes -- even though United's profits had fallen by 71% that year!The ICC would like to regulate CEO pay.Does it have the authority to do so?Explain, and be sure to give the page number in of the book where you found your answer.
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