Executive Pay

Executive Pay

Kevin Drum discusses executive pay, a subject that really chaps my hide. As Kevin mentions, there's no evidence that insanely-compensated CEOs produce better results for their companies than extremely-well-compensated CEOs. As he says,

the compensation of the top five executives at public companies totaled roughly 10 percent of corporate profits, and it's almost a dead certainty that those companies would do better on average to hire competent executives at half the pay and then bank that additional 5%.