You believe you found a problem, but your objection was addressed and dismissed in an evidence-based fashion in TFA: "The idea that high CEO pay is ultimately

You believe you found a problem, but your objection was addressed and dismissed in an evidence-based fashion in TFA: "The idea that high CEO pay is ultimately due to poor corporate governance is a commonplace [...] Yet as an explanation for why CEOs get paid so much more today than they once did, Stiglitz’s argument is unsatisfying. After all, back in the 1960s and 1970s, when CEOs were paid much less, corporate governance was, by any measure, considerably worse than it is today [...] "Shareholders, meanwhile, had fewer rights and were less active. Since then, we’ve seen a host of reforms that have given shareholders more power and made boards more diverse and independent. If CEO compensation were primarily the result of bad corporate governance, these changes should have had at least some effect. They haven’t. In fact, CEO pay has continued to rise at a brisk rate."