Earlier this year, Cary Ichter and I debated the executive compensation in this space Market, not taxes, should dictate pay, Feb. 19. Mr. Ichter, an attorney with Thompson Hine, advocated that the market-not taxes-be allowed to dictate pay. He appeared to be unaware that there is a considerable groundswell of opinion to the effect that indeed many, though by no means all, senior business executives, professional athletes, actors, rock stars and rappers are excessively paid.
There are three points that I would like to make about executive compensation.
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