CEO Pay Debate: Who Knows if $40M is Too High?
Submitted by CARPE DIEM
Washington Post business columnist Steven Pearlstein thinks CEOs are overpaid, and writes about it unconvincingly in his column “Off Balance at the Top.” He also appeared on CNBC’s “Kudlow & Company” tonight in this segment and said, “As a general rule, CEO pay levels are too high. $12 million is not outrageous, but $30 million, $40 million, $50 million, that’s too high.” Don Luskin then pretty much destroyed Pearlstein.
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