The WSJ provides a nice guided tour of executive pay in 2008, stopping along the way to point out CEO’s who received big bonuses despite terrible performances.
And there are some great related articles as well:
Leonhardt vs Sorkin: Outside the bubble - also from Chittum
Today’s tax code makes no distinction between income above $373,000 and income above, say, $5 million. Both are taxed at 35 percent.
This is almost verboten in the acceptable business press (and the political press, too, for that matter), but it’s a debate that we need to have. There are no good ways for the government to cap pay, it seems to me. The only way to regulate that is on the back end, through taxation. Should John Paulson, who made $3.7 billion in a single year, have to pay a higher tax rate than the doctor who makes $300,000?
You tell me.
And these:
The Journal Outside the Bubble.
Top-exec pay train runs full steam ahead
1 comment:
As recent as 1975, the top marginal rate was 70%, it was at 90% even earlier. That was during our communist phase though, and we're over that.
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