Stiglitz: ”The system of compensation
almost surely contributed in an
important way to the crisis”
Krugman: “Above all, the growing
concentration of wealth has reshaped
our political system: it is at the root
both of a general shift to the right and
of an extreme polarization of our politics”
There is a debate about the tremendous rise in top executive pay. For some people it is only injustice, for others it is also a reason for corporate scandals and financial crisis.
It is not only that pay is often for non-performance. Executive pay for performance is regarded as a governance tool similar to, say, supervisory [...]
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