Political Economy: Cash on Delivery

Source: John Cranford, CQ Weekly, April 5, 2009

It’s becoming evident that overpaying executives, or anyone for that matter, shouldn’t be seen as routine. Pay for performance is becoming a watchword for teachers and other rank-and-file employees. It should be even truer for those at the top.

For too long, the way in which we compensate company executives, financial whiz kids — even sports and entertainment figures — has been out of hand. But events of the past few weeks are shining a harsh spotlight on that fact, and the consequences that come from overpaying people.

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