“Middle-class America experienced a lost decade in their retirement accounts, whereas executives enjoyed record compensation packages through the subterfuge of stock option programs. There has been a massive wealth transfer from middle-class America’s retirement accounts to the bank accounts of the privileged few. The social consequences of this wealth transfer bear scrutiny.”
-Albert Meyer, Bastiat Capital (NYT)
For more on how executive compensation has run amuck in America, read Roger Lowenstein’s 2004 book, Origins of the Crash: The Great Bubble and Its Undoing.