Comments on: So much for disclosure of executive pay… http://truthonthemarket.com/2006/04/13/so-much-for-disclosure-of-executive-pay/ Academic commentary on law, business, economics and more Thu, 24 May 2012 02:37:46 +0000 hourly 1 http://wordpress.com/ By: Chris http://truthonthemarket.com/2006/04/13/so-much-for-disclosure-of-executive-pay/#comment-5731 Thu, 13 Apr 2006 16:42:16 +0000 http://www.truthonthemarket.com/2006/04/13/so-much-for-disclosure-of-executive-pay/#comment-5731 I’d rather have $300+ million dollars than the unblemished adulation from millions of people that I will never see or meet. I imagine that most CEOs feel the same way.

When Mr. Raymond is playing a round of golf (on Exxon’s dime) does anyone honestly think that his peers are going to snub him? It isn’t going to happen at the $1000/plate benefit dinner either. I imagine that shaming is only effective when the people that are shaming you belong in your peer group and the multi-millionaire set isn’t likely to look down on someone for collecting a huge check.

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