Doug Smith has a brilliant post on his blog about Treasury Secretary John Snow who “maintains the widening gap between high-paid and low-paid Americans reflects a labor market efficiently rewarding more-productive people.”
What a joke.
The Economist spoke to this a while back. As did good old Drucker, who called executive pay “looting.”
See here>>
This is one subject where I agree with Barney Frank (yikes)… the trial of Dick Grasso should be very revealing.