CEO compensation, oh joy!

In the midst of all the OccupyWallStreet and other protests and demonstrations worldwide, we still see that the heads of corporations doing what they do best - fattening their wallets. Now I understand these CEO’s may deserve bonuses for running successful corporations, but the extent of their extravagance regarding these’s increases are ludicrous. It’s come to the point where the employee is giving the proverbial 110% effort (working extra, overtime, etc.), but only getting peanuts in return; meanwhile their bosses yearly earnings magically shoot-up dramatically. As we saw in lecture, the data in one of the graphs showed how the post-1980’s CEO compensation had grown at a faster rate than ever before. But the question is why has this happened? Aren’t there regulators or a board of directors to instill some sanity and fairness into the equation? The members of these boards, let’s just say, “look out for each other” more than the average Joe employee. Oh, and here's a list of the 20 CEO’s with the most outrageous pay raises who "earned" the most in the past year.