archbishop of washington at the ordinary of this diocese here. [cheers and applause] crp programs. this is live on c-span. but the same firms have recorded a record profits and are handing out lavish bonuses. some continue to follow reckless compensation practices. this is because we have been irresponsible corporate coacher where american ceos are awarded large bonuses and a generous stock options even when their companies performed poorly. this has been typical in the past 25 years. the total real compensation of ceos grew sixfold in this time. the case against the pay of american ceos looks even more powerful by recognizing that the typical american company receives american company had received more total compensation that the company head of most developed countries. clearly, american ceos are being rewarded over ceos elsewhere, even when per-capita income of the countries do not differ much. recent headlines have focused on financia