Stratospheric pay for chief executives under new scrutiny

Toppled companies and disclosures of book-cooking have intensified scrutiny of the often stratospheric compensation of corporate chief executives.Top managers with lavish stock-performance incentives have misled shareholders, jeopardized and in some cases ruined companies, and weakened confidence in corporate governance. The public is outraged-especially that significant and growing part of the public that owns stock.A backlash is brewing among politicians, regulators, labor groups, and shareholder advocates. Some of it will be unjust.Not all chief executives have played fast and loose with financial reports, evaded taxes, traded stock on insider information, or kited bonuses just before ...

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