Are U.S. CEOs Overpaid? A Response to Bogle and Walsh

Kaplan, Steven N.
August 2008
Academy of Management Perspectives;Aug2008, Vol. 22 Issue 3, p28
Academic Journal
The article addresses criticisms of the author's essay "Are U.S. CEOs Overpaid?" That piece, and critiques of it by James Walsh and John Bogle, were published in the May 2008 issue of the journal "Academy of Management Perspectives." This article criticizes the critiques, focusing on the question of whether it is true that the compensation of chief executive officers in the United States is driven by market forces, and cannot be effectively controlled by regulation. It is said that questions of fairness are a separate issue, and the opinions of the general public, however strongly held, are wholly irrelevant to the facts under discussion.


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