I'm Angry at CEO Pay (and MBA's)

We all hear about top CEO's getting absurd compensation.  The average CEO pay in an S&P 500 company is in the millions.  With stock options, their pay can be many times that.

Even lower-level managers still receive pay far greater than those who they are supervising.  My question is: Why?  Why are we paying the people who actually DO the work in this economy less than those who stand around and WATCH people do the work?

I think that part of the problem is in the hordes of "middle management" people with MBA's (Master of Business Administration).  Why do we have so many MBA's running around doing nothing for the economy other than getting payed obscene amounts of money?  And why do we have the chief MBA, George W. Bush, running around Washington trying to enrich the MBA's even more?

Why can't SOMEBODY in Washington take a stand against this?  What does a CEO do that is 100, 200 times more valuable than what Joe Sixpack does?

I may be overreacting, but I don't see why the American worker is standing for being fiscally raped by bureaucrats and managers.  And I don't see why people keep attacking labor unions and other protections for the people who do work while supporting people who don't do the work.

And as this is more a "ranting" than a "discussion" diary, feel free to post your favorite "Obscene CEO compensation" story here.