Those Million-Dollar Salaries

Some hefty pay hikes open a controversy about executive compensation

The bountiful pay raises that top executives served themselves this year are in some cases turning into bitter fruit. Critics ranging from union leaders to management experts are assailing the increases as an affront to workers and a potential threat to the economy. Last week the attacks mounted. "A scandal and an outrage!" charged United Auto Workers Vice President Marc Stepp. "When I saw those numbers, I was stunned." Management Guru Peter Drucker, writing in the Wall Street Journal, called for voluntary curbs on...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!