Obama vows to make bank CEO pay better aligned with shareholders’ interests. Two problems: 1. Bank CEO pay already is highly aligned with shareholder interests — about 90 percent of their compensation is performance-based; 2. it doesn’t seem to make that much difference. Economic science or economic superstition, Mr. President?
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About the Author
Kevin D. Williamson is a former fellow at National Review Institute and a former roving correspondent for National Review.
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