The real outrage is how CEOs are paid, not how much

If you want to get mad at companies for screwing up executive pay, here are three good reasons.(Fortune) -- It's outrage season, formerly known as proxy season, when recession-shocked Americans get furious at the new list of insanely overpaid CEOs. The leader so far is Occidental Petroleum chief Ray Irani ($59 million), an excessive-pay hall-of-famer, but he may be overtaken by others as more proxies are filed. The bad-boy headlines will misleadingly suggest that CEO pay levels overall are a ...