Here we go. He has 999 problems and at least 5 of them is him being a douchebag toward women.
Ilyagerner

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Here we go. He has 999 problems and at least 5 of them is him being a douchebag toward women.
Ilyagerner

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Unprovoked, Person A points a gun to Person B's head.
There is no doubt, this is wrong.
But if Person C points a gun to Person D's head in order to force Person D to go fight Person A, that's not only acceptable but noble?
At least, this is what certain leftists who applaud WWII-era conscription would have you believe. (Charlie Rangel would be proud.)
tableclothcape replied to your link: With executive pay, rich pull away from rest of America
Executive compensation is just the classic agency problem. And profit-tied pay yields short-term gains at long-term expense, and stock-tied pay is similarly suboptimal. mitpressjournals.org/do…
ilyagerner replied to your link: With executive pay, rich pull away from rest of America
interesting how corporate nationality makes a big difference. A company like Total SA is global - only technically French - but having a French CEO operating under French norms means execs get paid much less than at comparable multinational oil co’s.
Right, but you'd think companies would realize it was just an unobserved-effort problem and come up with some reasonable metrics to gauge performance. I mean, executives have clearly gotten to be incredibly effing expensive! It would probably be way cheaper to pay executives somewhat less and audit their behaviour vigourously and regularly, and make it clear that the shareholders would rather err on the side of firing.
The difference Ilya's pointing out is really important for sure - and I'm not entirely sure this is all explainable by purely financial considerations like tax rates. (Top income earners in France are paying around 50% on the combination of income and payroll taxes.) Prior expectations for income vary with culture, and this has a big impact on non-shirking wage levels.
More information here.
Data sources: 2010 OECD World Factbook & USDOJ Bureau of Justice Statistics