Executive pay gone whacko

Overpaid? do ya think? Outrageous pay and teams of lawyers influencing government policy and regulation in your favor and teams of accountants scheming ways to minimize your taxes, all while shielding you from personal responsibility for your actions. Then when you screw up, taxpayer funded bailouts let you continue. Good gig if you can get it. It’s good to be king.

Two votes on executive pay today: At JPMorgan’s annual meeting, shareholders will weigh in on the company’s pay packages, and there will be a similar vote at Morgan Stanley’s annual meeting. Critics say the heads of some of the world’s biggest banks are overpaid. Here is a direct video link.

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