Executive Compensation Doesn't Always Reward The Best

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Weekend Edition Saturday, February 14, 2009 · Host Scott Simon speaks with Harvard Business School professor Rakesh Khurana about executive compensation and the culture of greed in corporate America. Khurana says the highest paid isn't always the best.

http://www.npr.org/templates/story/story.php?storyId=100714491

This was a really interesting piece on executive compensation and how execs have been able to morph themselves from "economic stewards" of their companies to self-perceived "Michael Jordans" of them. At least in my mind, this is a perfect reason for some serious regulation of how companies run and structure themselves. I understand the fears and protestations of free-marketeers and libertarians that hate any government intrusion in business, but come on. The absence of regulation have let POS execs establish virtual principalities that have led to a ruinous economic environment. If not regulation, something approaching the French Revolution may be on the horizon. Been a long time since the aristocracy faced the guillotine...