Are CEOs overpaid?

Posted March 10, 2009, at 10:32 a.m.

The often eye popping salaries paid to corporate CEOs has stirred public ire, especially as banks, automakers and others seek financial help from the government. Hospital CEOs in Maine make six-figure salaries, or more. Are they worth it? What does it take to run a complex organization like a hospital or large company? Do these entities need to offer large compensation packages to attract the best candidates or does this just escalate a bidding war? If running a complex organization commands a large salary, is Gov. Baldacci, who earns $70,000 a year, underpaid?