The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press. The typical American worker would have to labor for 244 years to make what the typical boss of a big public company makes in one.
Facebook IPO makes clear that CEO Zuckerberg dominates the company with more than half the board votes. But studies suggest that might benefit shareholders long after the Facebook IPO.
Google CEO leaves Apple board to avoid conflicts.
Shareholders wield their clout over executive packages.
The new rules, which limit top executive pay at bailed-out firms to $500,000, may mark a turning point in pay practices.