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Monday, November 2, 2009

getting paid

Back in March 2009, I wrote a brief 'just wondering' blog item about the misdirected furor regarding executive pay—misdirected not because such furor is not justified but because it seemed to me to misunderstand the nature of the problem. In my latest contribution to 3 Quarks Daily, I take on the problem of executive pay at greater length and what we might do about it now that we are turning into a shareholder nation. Do we have more power than we realize? Is there a way to activate the latent political power of our 401(k) plans and other investment vehicles? Let's get paid, yo.