Stop Obsessing Over Exorbitant CEO Pay

Last weekend the New York Times published its annual list of executive compensation, with Oracle’s Larry Ellison topping the charts at $78.4 million (and Disney’s Bob Iger in a distant second, at $34.3 million). Pay packages have increased by an average of 9 percent since 2012, continuing a steady and spectacular rise even as average wages in the United States and throughout much of the developed world have stagnated.

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