Not many people are willing to defend generous pay packages for CEOs, so I got tapped to appear on both the ABC and CBS morning shows. I prefer the CBS clip, in part because they had a nice set, but it is always frustrating to do interviews for the network shows because you talk for 10 minutes and they use 10 seconds. I understand why they have to use that approach, but it means there is not much ability to make a thorough argument – which is important for those of us who want to defend market forces in general but don’t have much sympathy for executives of the companies that are putting their snouts in the public trough.
I recommend this post at the Cato-at-Liberty blog for those who want a more complete analysis of the issue.
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