Inside the C-Suite

Thanks to Wall Street’s latest shenanigans, the normally arcane topic of CEO pay has made it to the nightly news — and given average Americans still another reason to sneer at the corporate world. But, as with so many controversies in business, one man’s scandal is another man’s average day. Though American CEOs are famous for their diamond-encrusted compensation packages, you’ll find many defenders who espouse what Princeton economics professor Uwe E. Reinhardt calls the Lone Ranger Theory.