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Strongly progressive income taxes, with perhaps extra penalties on certain kinds of excess compensation, should fix most problems surrounding management paying itself too much.

Your last point is much in the spirit of what I was proposing - putting the burden of proof on management, to show that it really and truly could not have known, as opposed to forcing the public attorneys to prove that management did, in fact, know.

by Zwackus on Mon Nov 14th, 2011 at 08:00:43 AM EST
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