I don’t argue that there has not been excess, and I don’t blame those who held their nose and allowed the government to intervene, and now call out for the pillars of activist corporate governance to be implemented.
I don’t argue that there has not been excess, and I don’t blame those who held their nose and allowed the government to intervene, and now call out for the pillars of activist corporate governance to be implemented.
But our culture demands – and our approach assures – that solving the executive pay dilemma is not likely to be easy, simple, or resolved in the short run. And there will be much gnashing of teeth and claw in the boardroom over executives who feel the rules may not apply to them – justifiably in some cases – versus board directors who will want to avoid any indication of weakness in enforcing a cultural fiat from on high.
And some company CEOs will have sterling performances and say they deserve more while others will be less outstanding but say they have to work harder or hire smarter folks at a higher price.
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