- Why They're Winning on CEO Pay is the Washington Post's Steven Pearlstein's explanation of our screwed-up executive pay situation.
- And around the same time (which was a few months ago), Bill Simmons wrote for his own Grantland about the NBA lockout: Business Vs. Personal.
- New York Magazine had The End of Wall Street As They Knew It, which is a long-ish, but interesting read.
- CNN Money has It's the economy – and CEO pay, stupid, which describes some of the problems with how CEOs are compensated
On the other hand, just as there are pro athletes who bring no value to their teams in return for multi-million dollar contracts, there are corporate executives who make a ton of money for either presiding over a failing company, or successfully gaming the system. My theory is that most people aren't bothered by people making a ton of money if they bring value. What gets people annoyed is seeing some no-talent at the end of the bench who will make more in a year than the best 2nd grade teacher in the country will make in her career. Similarly, people hate to see a CEO make millions for driving a company to ruin.
As an economy, we should find ways to drive down the number of people who make tons of money without providing commensurate value.