CEO Pay

Dear readers.  Please read this article from cnn.com about how much CEOs and Corporate board members will make for running their companies into the ground. 

Am I the onlyone here that thinks that these people should be put in jail for what they are doing?  I am a shareholder of many large companies because I am responsible and have a mutual fund.  My mutual fund buys stocks in other companies and holds them while their values increase (hopefully). 

However, the boards and the CEOs of these companies make millions and millions of dollars for running these companies.  I may make a couple of hundred or even a thousand dollars for my modest investment.  That’s ok.  I’m all right with making a marginal return because I have a marginal investment.  But what about these people who are “managing” my money.  They have ZERO at stake.  They are not going to starve.  They make millions of dollars for NOT BEING STUPID.  I wish I could make that much money.  Maybe I’m the one who is stupid for thinking that a multi-billion dollar corporation will try to make sound financial decisions. 

Is there someone I can sue?  I really want to hold these CEOsfinancially and personally responsiblefor voting themselves these huge bonuses while I am the one who loses money.  Don’t the shareholders come first? 

Zuercher