Why the Big Corporate Executive Compensation?

First of all, the corporates that offer the big executive pay are big. They can afford to pay it. The size of the executive pay, and the perverse incentive for risk-prone business practices--the perverse business practices that are now threatening the world economy, are entirely a function of the perverse size, the oversize, of the organization.

The ridiculously oversized compensation is largely an organizational problem that demands an organizational solution--deconsolidation of the capital, industries and markets. The result will be a more reasonably equitable executive pay and alleviation of the perverse incentive for risk-prone practices and compensation that is otherwise nothing but conscience money for the administration of perversely abusive practices that minimizes the cognitive dissonance of the perpetrators by buying it off.

Just as significant is the historical origin of a managerial elite, the business person, being at the top of the power structure to command the administration of power with the ability to render maximum economic value from nature (economic growth), and that power being empirically measured, indicated, by the level of income, or compensation.

The power of the entrepreneur has become the ability to consolidate and limit growth where it had been to expand it. As the modern industrial state matured, the financial elite realized that power is more easily acquired, maintained and controlled if consolidated--not allowed to pluralize, or grow. This, of course, however, is antithetical to the legitimacy of the business elit's power.

Instead of the philosophy of be frugal and provide, to be "fruitful and multiply," the philosophy has become be frugal, consolidate, subjugate and deprive. The "credit economy" is but a vast majority of citizens that are indebted subjects of the creditors. The big executive compensation removes these subjects from the burden of the debt, and given that they have been receiving little or no tax burden on the compensation in many cases, hedge fund managers in particular, that includes the debtor assignment on the public debt which is to be used to compensate them with this proposed government bail out of their work. It looks like nothing but an artful scam to me!

It is a scam of bilking the public treasury that is not limited to Wall Street. Medical doctors, for example, operate with the same sort of scam, setting up the tax base, including monetizing a debt burden, to raid with oversized billing practices, pressuring both prices and tax rates up. Hardly the model of altruistic public service! They are just a bunch of no-good gangsters that cushion, position and close on the victims in the name of public service. Didn't Dante identify a special place for these people?

These people are not public servants. Thay are the enemies of a civil society! Their just reward is nothing that ensuring a free and unconsolidated marketplace can and will justly decide if it is allowed to organize and operate in priority of a regulatory authority.