Friday, April 22, 2005

What's the Fix Mr. Buckley

The conservative icon has put his finger on my biggest hot button in recent years. Bill Buckley reports that - in spite of selective government scrutiny - the rape of public corporation coffers by cannibalistic company officers is proceeding virtually unchecked.

Bill is his surgically concise self in citing Viacom as one gross example. What he leaves completely without mention is how we check such rampant abuse.

Is it unreasonable to tie officers' compensation, at least beyond base salary, to the performance of the company?


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