High Pay Low Performance

I'm all for highly educated, highly qualified, hardworking individuals getting paid well for doing a job, but the ceo compensation packages in corporate America and on Wall Street have gotten out of hand. Come on, most of these guys are idiots. The idea of tying pay to performance is logical, but seems to be above the intellect of these guys. Having worked with succesful companies who were turned over to incompetent ivy league idiots, I believe that education is too often used as the benchmark for competent management. The best executives are those who like what they do and who care more about the success of the company than the "Golden Parachute" they might receive. I think corporate america would be better served by treating companies like sports teams, if the company isn't living up to it's potential, the exec is to blame and he gets fired without a huge severance package. This is a great incentive - perform or don't get paid. I would definately take one of these jobs, and I am pretty sure anyone with a high school education could have performed as well as some of the Goldman Sachs execs who got huge bonus checks last year.