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September 06, 2006

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This is indeed a clever policy.
May I invite you readers to take a look at this paper from Daniel Cohen in Le Monde dated Wednesday:
www.lemonde.fr/web/article/0,1-0@2-3232,36-809599,0.html
Daniel Cohen could have used your post to further illustrate what he is demonstrating : there is no economical justification (company financials, stock performance...) to stratospheric CEOs wages.
These wages are the result of a self sustained system which gives the perception that a good manager in a large coporation is a scarce ressource. MIT research tried to demonstrate this is not true.

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