CEO Pay Debate
Economist Thomas Sowell discusses his concerns about the political attention given to CEO pay, highlighting the inconsistency of the argument and comparing CEO salaries to those of professional athletes and entertainers. He emphasizes that those who pay CEOs have every incentive not to overpay, and explores the impact of decision-making on CEO compensation in different types of corporations.In this clip
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EconTalk
Thomas Sowell on Economic Facts and Fallacies
Related Questions
Show me different arguments for and against capping CEO pay
Why hasn't there been a formula developed to spread CEO compensation in a more considerate manner, taking into account the hundreds and thousands of employees who actually do the work? Is there any movement or script aimed at changing the system?