Saturday, February 18, 2012

Revisit: The invisible hand controls the market?

Another interesting blog entry I revisited was on CEO pay, "The invisible hand controls the market". The wonderful quote from it is "[When] it comes to CEO pay, the grasping hand usually trumps the invisible one." It was in "The Winner-Steal-All Society and the persistence of the CEO-market myth" by Jerry Useem, a Fortune magazine writer; the article originally appeared in The American Prospect, 2002-10-21.