The executive pay system is broken

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Published in Market Watch May 12, 2009 by Alistair Barr and Matt Andrejczak.

Compensation — especially for the highest paid — has been controversial for almost a century. But after a year in which Wall Street firms paid $18.4 billion in bonuses while accepting more than $50 billion in government bailouts, many experts say the system may have finally blown itself apart.

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