Corporate Boards Reign in CEO Pay

KPBS | By KPBS Public Broadcasting

Published May 8, 2007 at 10:01 AM PDT

This story was published more than 16 years ago.

With compensation for chief executive officers soaring in recent years, corporate boards have recently begun reigning in the perks for CEOs. The trend appears as pay-disclosure rules grow tougher, and

Alison St John (Guest Host): One of the more unsettling trends in this country is the widening gap between the rich and the poor. Not to mention the shrinking middle class. One factor contributing to this is the enormous salaries that CEOs of major companies now command -- $15 million a year is the average salary of a Fortune 500 top executive. And, in some cases, those exorbitant salaries don't seem to have anything to do with good performance. Here to talk with us about CEO salaries -- and attempts to rein in the madness -- is Neil Senturia, a serial entrepreneur who teaches entrepreneurship at San Diego State's MBA program.

Guest

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Neil Senturia , serial entrepreneur and CEO of Quanlight, an L.E.D. chip company. He teaches an entrepreneurship in the MBA program at San Diego State University, and he co-hosts a weekly radio show about entrepreneurship called, I'm There for You Baby, The Entrepreneur's Guide to the Galaxy.