[Sheriff Gonna Getcha]

I strongly believe that the market is better than anything else at setting someone's economic value and thus their salary. The market, however, is not working properly in setting CEO compensation. For example, many CEOs who are "leading" companies that are failing still manage to get great compensation packages. One reason is that their salaries (at least for big companies) are determined by committees appointed by the board of directors. Who nominates the board? The officers and fellow board members. Senior officers and boards are in bed and it shouldn't be any surprise that they each scratch each other's backs.