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Boing Boing: Best paid CEOs perform the worst

http://boingboing.net/2014/06/18/best-paid-ceos-perform-the-wor.html

Not an economic argument like I thought when I clicked on it, but probably a more defensible and interesting one. In essence, high pay encourages high self-valuation, leading to less critical thinking and worse decision making. At the same time, the longer these guys stay around the more damaging they can be by promoting and hiring more people aligned with them.

I don’t think this is revolutionary, but it should begin to deflate the nonsense about needing to incentivize CEOs and other executives with ludicrous pay.

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