August 12, 2011
The Post seems to think that this may be the case. In reference to a provision of the Dodd-Frank financial reform bill that requires companies to publish the ratio of top executive pay to the pay of an ordinary worker it reported that “businesses have argued that this proposal would be costly and impractical to implement.”
This would only be true if businesses had no clue about either how much they pay their top executives or their ordinary workers. While it certainly seems to be the case that the top management of many corporations is not very competent, it is difficult that so many people earning 7 and 8 figure salaries could be that incompetent.
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