Tuesday, October 2, 2007

Something rotten Countrywide

The allocation of risk and reward in the American economy is corrupt:

C.E.O. paychecks, which came partway back to earth in 2002, more than doubled between 2003 and 2006. And with those huge paychecks came renewed incentives for malfeasance. Once again, executives could become richer than Croesus by creating the illusion of success, even for a little while.

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