CEO pay: nobody’s business but shareholders

Yaron Brook participated in a debate on CEO pay at BusinessWeek.com. The question was, “President Obama’s proposed salary restrictions for banking executives are a good idea for all of Corporate America. Pro or Con?” Needless to say, he took the con position. Money quote:

Shareholders have a moral right to pay whatever they judge necessary to attract, retain, and motivate talented leaders.

Entire piece here.

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