Tuesday, June 04, 2002

I usually like Paul Krugman's NYT editorials more than this one. Krugman jumps on recent business scandals to declare that rewarding executives highly does not work. A few such cases are hardly proof of failure, though they may be an indicator that something in the system needs tweaking. Me, I favour better reporting rules and requirements for transparency. The rewards given to executives are much less amenable to influence.

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