Townhall has a good, one page article entitled "In Defense of CEO Compensation" in which the author presents a nice, concise overview of the defense of high CEO pay. Money quote:
"It's sad that this is the level of economic literacy among the media. If the press ignored advances in other scientific fields as much as they do in economics, we'd see weathermen advising readers to offer sacrifices to the rain gods."Also, as an extra added bonus, the author takes an off-the-cuff shot at unintended consequences of government regulation vis-a-vis corporate raiders.
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