It's hard to say what's fair when it comes to paying top executives. That is, in part, how boards get away with approving large paydays. Facebook's huge success, too, blunts criticism.
One yardstick, though, could be Wall Street, which is routinely singled out for its over-the-top compensation. Compared to Facebook, Wall Street pay looks like peanuts. The only bank that comes close to Facebook is JP Morgan Chase (JPM). That bank's five highest-paid executives got $79 million in 2010 (none of the banks have said what they paid in 2011 yet), nearly $4 million less than Facebook.
Clearly, these out of control executives need a lesson. Where’s the damned pay czar?