One of the hottest business issues today is the outrageously lavish pay of many chief executive officers (CEOs) vis-à-vis corporate profits. In 1990, for example, United Airlines’ CEO got $18.3...

One of the hottest business issues today is the outrageously lavish pay of many chief executive officers (CEOs) vis-à-vis corporate profits. In 1990, for example, United Airlines’ CEO got $18.3 million— 1,200 times what a new flight attendant makes—even though United’s profits had fallen by 71 percent that year! The ICC would like to regulate CEO pay. Does it have the authority to do so? Explain.