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May 31, 2002

Lord Redstone, the Earl of Gates, Baron Eisner, et al

Speculation about honoring Corporate America with royal titles

Do corporate executives really need to have their maws stuffed with gold? For a decade or so now, company bosses have been paid higher and higher remuneration whether their companies prosper, and whether the economy goes up or down. Most of the American workforce has been on a sort of wage chill if not freeze during the same period. It would make a naïve non-economist think workers have nothing to do with delivering growth and prosperity - apart from occasional pink-slip massacres needed

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