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...

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