The Wall Street Journal's weekend journal devotes its front page to an article and large graphic on keeping the federal government out of executive compensation regulation.
What are your responses to the argument that executive compensation should not be a priority for regulation and that executive compensation is generally rational and effective? See below.
"Executive compensation ranks far down the list of our society's economic challenges, which include unemployment, scarce credit and protectionism. Reform proposals from Congress, the White House and the Federal Reserve are unworkable and, in some key areas, conflict with one another.
People have lost all sense of perspective. In most companies executive pay works rationally and effectively. No evidence whatsoever indicates that errant executive compensation "caused" the financial crisis of 2008, or that its reduction would prevent similar events in the future."
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