26 October 2005

Are Corporate Executives Overpaid?

A judge from the Delaware Chancery Court, widely seen as the most important and pro-management corporate law court in the country, thinks that they are and that some form of regulations is nearly inevitable if directors remain asleep at the switch. So do former U.S. Securities and Exchange Commission Chairman William Donaldson and Public Company Accounting Oversight Board Chairman William McDonough.

"Top U.S. company managers continue to receive huge pay packets -- $9.8 million for the average chief executive of a major company in 2004."

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