Money For nothing?

Photo by Karolina Grabowska on

Tis the season…when companies have to report the salaries of their top executives in their proxy statements and even though it was a rotten year for many companies with revenues severely down, thousands or tens of thousands of employees laid off or their jobs eliminated and profits in the toilet it didn’t stop many big companies from rewarding their CEOs with big paychecks.

Some people make the comparison to sports stars who get huge salaries and say that’s just the way the system works. But the analogy is deeply flawed, as I explain in this new analysis. It shows why excessive salaries in business when compared to how big-time professional athletes are compensated are not just Stupid, they are Obscene,

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