Curbing Executive Pay, But Not the Perks


Print | No Comments | Share/Save

Published in The Wall Street Journal October 26, 2009,by Brett Arends

Federal pay czar Kenneth Feinberg is cracking down on executive pay at the big financial firms where the government has a stake. Sen. Chuck Schumer (D-N.Y.) is mulling a law to apply Mr. Feinberg’s governance changes to all publicly traded companies.
The proposals are easy to criticize. Some of the rules will be clumsy, irrational, or unfair. But will a clamp-down on executive pay really hurt American capitalism? Will ordinary investors end up paying the price? Maybe not.

Link to full article

Post a Comment