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The middle management has been almost eradicated from the present economy by technology and "reengineering". This "reengineering" "combines the skills of specialist clerks and middle managers into software packages that are attached to desktop computers" (Head). The disparities in this competition have become truly obscene. In 1960 the annual compensation of the average CEO of a major US. company was 40 times that of the average worker. In 1992 it was 157 times as much. The average CEO of a large corporation now receives an annual compensation package of more than $3.5 million-their reward for growing company profits by destroying millions of jobs...
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