I've seen videos where Prof. Stiglitz mentions CEO compensation associated with rent-seeking:
I looked on the web and saw a story about how government subsidies meant for workers are absorbed by the executives and that the company's lobbyists are seeking these rents. However, I don't understand how exactly that's done. What are some examples?
I also remember seeing an interview with either him or Prof. Krugman where they mentioned that CEO's are able to exploit the structure of corporate governance (using the board of directors) to artificially increase their compensation. How exactly is this done if it does occur?