On CEO Pay
Scott Thurm has a fascinating look at CEO pay in this weekend’s Wall Street Journal. I will have much more to say about CEO pay in the coming months. For now, suffice it to say that CEO pay has become an exercise in opaqueness and deliberate misdirection. While I fully support top pay for top performance, hundreds of extremely well-paid CEOs deliver mediocre results year after year. That is an abomination.
