Working Life

Often times, you probably see a piece of information and think, “wow, that’s new and outrageous”. Well, when it comes to corporate behavior and greed, there isn’t much new.

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Yeah, yeah, CEOs, you are all Gods and indispensable to the success of your company. You’ve made that argument year after year, no matter how your companies failed — and the transcribers of press releases (formerly known as “journalists”) and the people you buy to do your bidding (we call them “politicians”) have bought this malarkey for so long that it’s allowed you to rob the treasuries of your companies. Problem is, a lot of the reasons lathered with bullshit about why you get paid obscene amounts of money are just plain false.

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We hear an enduring myth: the "free market" decides who gets what in an efficient dance of allocation of resources through competition. Garbage. Especially when it comes to CEO pay–though apparently there are some who want to continue the myth of competition.   Over the weekend, I caught this in the NYTimes business section–an excerpt […]

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