Too Much: A Commentary on Excess and Inequality

Too Much: A Commentary on Excess and Inequality
They’re going crazy about outrageously high rewards for poorly performing CEOs. They’re missing the real driver behind our current economic meltdown: the notion that outrageously high rewards, in a modern economy, play a perfectly legitimate role.

Such rewards, we’ve been assured over recent decades, give top corporate executives an incentive to “perform” well.

In fact, outrageously high rewards do nothing of the sort. Outrageous rewards, in everyday corporate life, serve only to give top executives an incentive to behave outrageously.