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While “greed” is one of the most popular — and most fallacious — explanations of the very high salaries of corporate executives, when your salary dep… - Thomas Sowell
" "While “greed” is one of the most popular — and most fallacious — explanations of the very high salaries of corporate executives, when your salary depends on what other people are willing to pay you, you can be the greediest person on earth and that will not raise your pay in the slightest. Any serious explanation of corporate executives’ salaries must be based on the reasons for those salaries being offered, not the reasons why the recipients desire them.
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About Thomas Sowell
Thomas Sowell (born June 30, 1930) is an American economist and political commentator. He taught economics at Cornell University, the University of California, Los Angeles, and since 1980 at the Hoover Institution at Stanford University, where he is currently Senior Fellow.
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Today, there are more people of Irish ancestry in the United States than in Ireland, more Jews than in Israel, more blacks than in most African countries. There are more people of Polish ancestry in Detroit than in most of the leading cities in Poland, and more than twice as many people of Italian ancestry in New York as in Venice.
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