The Executive Pay System is Broken

Mayo 12, 2009

Original publication: MarketWatch

Date of publication: May 12, 2009

By Alistair Barr and Matt Andrejczak  

"No American citizen ought to have a net income, after he has paid his taxes, of more than $25,000 a year," he said, urging Congress to help him "keep personal and corporate profits at a reasonable rate, the word 'reasonable' being defined at a low level."

This wasn't Barack Obama. It was Franklin Delano Roosevelt in 1942, only a few months after the attack on Pearl Harbor.

Compensation -- especially for the highest paid -- has been controversial for almost a century.

Read the full article in MarketWatch.

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