Another Labor Day has come and gone and executive pay remains excessive despite several new government measures to curb the trends. The minimum wage hike to $5.85 per hour is still seven percent less in real dollars than the minimum wage 10 years ago. Meanwhile, executive compensation is up 45 percent over the same period. Nowadays, executives make more money in one day than the average American worker makes in one year. Clearly, corporate boards are not widely trying to curb compensation while new regulations have only forced executives to take compensation in other forms. Whether or not 2008 will bring any meaningful changes remains to be seen, but for now, there is still much work that needs to be done.