Why do American CEOs get paid so much? | James K Galbraith

‘Let the market decide’ has been the mantra for decades. This dysfunction and inequality is the inevitable resultA new report from the Economic Policy Institute calls attention to the hardy perennial of how much America’s corporate titans make: bosses of the top 350 firms made an average of $18.9m in 2017. That’s a ratio of 312-1 over the median worker in their industries. Big bucks to be sure. And a big change since 1965, when the ratio was just 20-1. But what does it me