Question: As noted in the chapter, the average compensation for a CEO of a Fortune 500 company was $11 million, and CEO pay was 300 times

As noted in the chapter, the average compensation for a CEO of a Fortune 500 company was $11 million, and CEO pay was 300 times the average worker pay. This contrasts with historic values of between 25 and 40 times the average pay. What are the potentially negative effects of this increasing disparity in CEO pay? Do you believe that current executive pay packages are justified? Why or why not?

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