Leader of Law and
Economics Movement Sees
No Easy Solution to High Executive Pay |
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Politicians have taken to citing the statistic that corporate
executives make 400 times that of the average worker — a
20-fold increase since 1965. According to Judge Richard A. Posner,
a more telling ratio may be the difference between the compensation
of an American CEO and that of a foreign executive. At
the Institute of Law and Economics Distinguished Jurist
lecture series in October, Judge Posner referenced the aforementioned
ratio in his talk titled, "The Embattled Corporation."
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