Richard Posner and Gary Becker have posted their respective views on whether CEOs are overpaid.
The sort answer: It depends on the CEO.
[One item that is often overlooked in the news stories about some failing CEO who is given a fat severance package is that those packages are negotiated at the beginning, not the end, of the relationship; in other words, when the company is trying to lure the person on board.]
1 comment:
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