Pay: Nothing succeeds like Excess

It is simply amazing that CEO's of some colleges in the USA can rake in seven-digit compensation (24/7 Wall St). The drive to ever-higher executive compensation must be grounded in some deep-seated cultural or institutional trait as logic would dictate that any well-run organisation should have the capability to replace the man/woman on top of the heap with a cheaper alternative. The staff pyramid is rapidly widening from the top down and developing a deputy for any position should always be a managerial top priority.
(20 May 2014)