Perceived Unfairness in CEO Compensation and Work Morale.

’Nothing in business excites so much interest in the wider world as the pay of top executives.’ theEconomist wrote in a 2003 article titled ’Fat cats feeding - Executive pay’. Indeed, it seems thatthe dwindling heights to which CEO compensation has risen trigger stronger feelings than just plaininterest. The Enron scandal inspired the Forbes headline ’Pay Madness at Enron’, and in March 2009the Economist published an opinion poll in which 66% of respondents claimed to be ’very angry’ aboutAIG bonuses, accompanied by an article headlined ’Will there be blood?’.[...]