What's driving CEO pay sky high?

U-Haul CEO Joe Shoen said growing income disparity is a troubling trend at the Economic Club of Phoenix, where he examined the forces driving senior executive pay.

Growing income disparity is a troubling trend, says U-Haul CEO Joe Shoen, and the most dramatic evidence is sky-rocketing senior executive compensation packages. At a recent Economic Club of Phoenix luncheon, Shoen examined the forces driving CEO pay. At fault could be the primacy of the shareholder, he said, and a regulatory environment that imposes criminal sanctions on top executives. This model pits ownership, directors, and management against each other, trapped in defensive behaviors when those parties should be united by common purpose.

Listen to his keynote presentation: