Felix Baumgartner, the Austrian skydiver, has delayed his Red Bull Stratos jump until later this afternoon. Baumgartner plans to leap from a balloon stationed 23 feet above the New Mexico desert.
In 1965, CEOs of major US firms made 24 times an average worker’s pay. By 2004, that ratio was 431 times.
One analyst likens huge compensation packages as 'a form of robbery.'
Some economists see some rays of light amid the economic gloom.
Some see the beginning of the end for huge compensation for financial titans. Others say the limits are too weak to bring real change.
Inequity between top executives and average workers remains at jaw-dropping levels.