Reply #37: I think I can answer that

[Jim_Shorts]

It's a good ole boys club. The largest shareholders that sit on the board decide if a CEO raise is justified. The share holder just cares that the CEO keeps the dividends flowing and better yet,increases the stock price so as long as he does that they look the other way. A lot of CEO's also sit on other boards so they are all saying fine, I raise my pay this year and I'll ok your raise next year.

You notice the worker is left out of the equation, in fact share price almost always go up if people are laid off.