Prior to the 1970's, no executive made more than 50-100X what the lowest paid employee made, let alone over 1000X the average pay within a company. Also, when a company shuts down, the C-level people are often paid out hansomly while the rank and file employees get nothing.

Just like I don't think anyone should be taxed at above 50% of their income, I also don't think anyone within a single company structure should make more than 100X anyone else. I don't think that companies should be forced to do so, but there's absolutely NOTHING wrong with shaming those that do.