1. Why corporate governance fails, List some of the "indulgences" other than golden parachutes, poison pills, stock options, bonuses, pension plans, etc. (which are given to managers by the BOD) some managers have given to themselves.
2. What do you think should be a reasonable spread (either a dollar amount, XX times more than or percentage number) between the earnings of a firm's CEO and its lowest paid hourly workers and why? Provide your detailed explanation on this volatile issue.