Why, you say, are CEOs making millions while leading companies losing billions during a pandemic?
Well, it’s simple: because they can. And because we are in late stage capitalism.
They are super-feeders at the pig trough.
O, yes! The ruling class are worthy of study. The natural history of the ruling class is of fascinating interest. You begin with interest, you proceed with awe and admiration, you deepen into hatred, and you wind up with contempt for the nature of the beast. You realise that — The Capitalist Class is the Meanest Class that ever grasped the Reins of Power.
– James Connolly, “Our Rulers as a Study,” 1915
2020 executive compensation statistics. New York Times.