In praise of reining in runaway pay
Lawrence Mishel
October 26, 2009
EPI President Lawrence Mishel hopes the recently announced plans to limit the pay of top executives working for firms that received bailout funds will help to end a longstanding game of "heads I win, tails you lose" that has enabled CEOs to prosper, regardless of the performance of their companies.
To critics of the government's plan, Mishel asks, "How is it over-reaching for the government to impose consequences for corporate behavior that nearly toppled the nation's economy?"
The full text of Mishel's commentary for NPR can be read here.
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