Forum Post: Business must address WEALTH GAP, Chrysler CEO says

"Sergio Marchionne, chief executive of Chrysler Group LLC and Fiat SpA, told business leaders Tuesday they have a “moral responsibility” to address the growing income disparity between the rich and poor that is at the heart of the current Occupy Wall Street movement by curtailing excessive executive compensation and corporate greed. (...)

While Mr. Marchione acknowledged that the Occupy Wall Street movement itself was at times incoherent, its central tenants of addressing the wealth gap and corporate greed need to be addressed, something he has witnessed himself at a board level over the years.

“I have seen an incredible amount of corporate greed sitting on these boards,” he said after a speech at the Canadian Institute of Chartered Accountants in Toronto. “Things that I never thought were possible. I have seen the most inane displays of greed for the last 10 years, and I think that must stop.”

“If it doesn’t stop, the movement will continue. It will continue to get stronger because I think  it will begin to pick up a lot more support from people who are today not involved in the fringe movement, who will become subscribers of a fundamental need for change,” he added."

Read the full "Financial Post' article here :

http://business.financialpost.com/2011/11/22/business-must-address-wealth-gap-chrysler-ceo-says/