Still these folks spew BS!
Tag Archives: Corporate governance
Manifesto?
I bet a slew of you saw this advertisement on the back page (behind the editorials) of the US’ major papers recently.
The Myths of CEO compensation
I have been having debates with my friends and colleagues for years over executive pay. You, too, have heard me rail that there is no financial or business reason to allow an executive to receive compensation of 100, 200, or 500 times the average pay of the corporation s/he leads. When I was growing up, executive compensation rarely exceeded 10 times the average pay. I realize I am old- but this inflation is not only ridiculous, it’s as dangerous as that obtaining in pre-World War II Germany!