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Is There a Free Market in Corporate Executives?

Seattle Times: Pay and rewards: CEOs out of kilter

The strong point of capitalism is the market. Put out an inferior product and the market will punish you. Work diligently and smartly, and most times you will have plenty of work at good pay.

The market works best when the product is easy to judge, when status, position, power and human feeling don't interfere too much, and when decisions come in small doses. None of these things applies when hiring an executive officer.

[...]

Choosing and compensating a CEO is a difficult task, and far too often in America it is not done well.

Copyright © 2006 The Seattle Times Company


I wonder what the Frank Blethen thinks about this.

Posted by drizzten on April 17, 2006 08:47 AM |

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