Sunday, March 13, 2011

Executive Pay Back on My Mind

In today's WashingtonPost, Barry Ritholz gets right to one of my pet peeves.

Like Ritholz, I have no problem with people who earn massive amounts of money. What irks me is when risks and rewards are disconnected so people get rewarded for stupid risks or for lighting the fuse on a catastrophic bomb. These disconnects create flaws in the free market system that should be addressed.

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