great for class discussion from Barry Ritholtz:
Excessive executive pay for plain dumb luck: Barry Ritholtz - Moneyweb: "You can place much of the blame on compensation consultants and the corporate boards that hire them. Boards are supposed to act on behalf of shareholders when they are considering the pay packages created by the former. But the relationships are riddled with conflicts that produced the charade we have today. That we are discussing packages and not mere salaries should give you the first inkling of how far around the bend the issue of compensating corporate executives has gone"
'via Blog this'
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