European Tribune - Comments - How the Dodd bailout plan works

How the Dodd bailout plan works | 177 comments (177 topical, 0 editorial, 0 hidden)

I think high CEO pay has come from the realisation that CEOs had more power than shareholders. The pwn3r class therefore left ownership and entered management. A narrative of "competition for talent" was built to justify ever-incresing "executive compensation".

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Wed Sep 24th, 2008 at 06:22:37 AM EST
[ Parent ]

Re: Point, counterpoint (4.00 / 7)

the competition for talent argument is one I've never quite understood. especially the fact that it seems only to apply at the top end of companies.

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Wed Sep 24th, 2008 at 06:25:26 AM EST
[ Parent ]

Re: Point, counterpoint (4.00 / 3)

It's not surprising that you couldn't understand it, since it was specious.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Wed Sep 24th, 2008 at 06:35:56 AM EST
[ Parent ]

How the Dodd bailout plan works | 177 comments (177 topical, 0 editorial, 0 hidden)

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