Executive compensation has always been the domain of the company's shareholders, as it should be. While it is hard to argue with the concept that corporate CEOs are overpaid, for most of us, it really is none of our business. Shareholders, through their board of directors, set executive compensation.
And that is the way it should be, this being a capitalist society and all. But the bank bailout is changing all of that. Now taxpayers are the shareholders, and those millions and millions of dollars are cutting into our pockets, not just the "regular" shareholders.
An interesting view of the new world of executive compensation from Andres Sorkin at Dealbook - Putting a Value on a C.E.O.
And that is the way it should be, this being a capitalist society and all. But the bank bailout is changing all of that. Now taxpayers are the shareholders, and those millions and millions of dollars are cutting into our pockets, not just the "regular" shareholders.
An interesting view of the new world of executive compensation from Andres Sorkin at Dealbook - Putting a Value on a C.E.O.
