Even Some CEOs are Criticizing CEO Pay

CEO's in the U.S. have been taking a public relations pounding over their excessive levels of compensation. While many have spoken out against this situation - not surprisingly few critical voices have been heard from mahagony row. Until now.

Ed Woolard, former CEO of chemical giant DuPont, gives a wonderfully folksy and straight-to-the-point critique (see the video) of excess CEO pay and what should be done about it.

His key idea is to institute what he calls "internal pay equity". This practice links the amount of CEO compensation to what the other key executives are paid, not to what CEOs in other companies get.

Other companies like Whole Foods Markets limit CEO pay to fixed percentage of average pay within the company.

By the way, many thanks to reader Broc Romanek for telling me about the Woolard video.