NEW YORK (CNN) - Tonight, a few thoughts on executive compensation and the rather timid mood in Corporate America for reform.

Last week on this broadcast, NYSE Chairman Dick Grasso talked about a new committee at the Exchange to start reforming the way Wall Street does business. On Capitol Hill, there's talk of reforming everything from accounting to stock options, 401k's to corporate governance, market oversight and regulation too.

And guess what, it all needs fixing...but it's more than a little scary that reform will come from Congress. Or at least the majority of it. Business needs to deal with all of those issues, and sooner rather than later. And I believe one of the first areas that should be fixed is executive compensation:

Take a look at these executives...Business Week says they are the winners, not in total compensation, although they did very well, but because their pay went up less than the return to their shareholders. Don't you feel better knowing that? But these are not just CEOs we're talking about, they are leaders. And frankly they look more than a little greedy, don't you think?

The 90s were great for everybody...corporate profits rose 108 percent....CEO pay was up 443 percent. Now, that's really great.

Now last year was tough, some firms had to lay off 1000 or more people....but guess what, the CEOs of those companies earned 80 percent more than the CEOs of the best performing companies.

And overall CEO pay is now 500 times that of the average employee he or she manages. Do you think it's time to think about business reforming business? Or do you believe any of this makes sense?