Executive Pay – Keep your paws off!

I’ve made several comments about executive pay on The Daily BULL, a favorite subject of our fine friends inside the beltway. As an aside, I’m reminded today that, in return, we need to shed more light on the extraordinary, self-indulgent fringe benefits enjoyed by members of Congress. Stay tuned for more on their largess later . . . .

The NY Times recently carried a comment reflecting a capitalist view of all of this. Read the comments from Cornell economist, Robert H. Frank, which sketches out several reasons why government limitations on executive pay make no sense, starting with the intrinsic value of pay for performance standards.

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