Sunday, January 07, 2007

There is always a pushback

At either extreme: Fat CEO pay seen a wider society concern

The other day the ex CEO of GM (I think), Jack Walsh, when asked by Colbert why do CEOs deserve so much, his answer was (paraphrasing), "because they make that much." Colbert's reply was, "just like black lung. All those coal miners deserved it because they got it." Jack had no response, other than to say, "I hadn't thought about that." What a tremendous feeling of entitlement.

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