tag:blogger.com,1999:blog-3401584991689197404.post9216485142530307605..comments2024-03-02T09:41:35.809-08:00Comments on Donkeylicious - A Blog by Neil Sinhababu and Nicholas Beaudrot: How A 90% Tax Bracket Would Improve Corporate GovernanceNeil Sinhababuhttp://www.blogger.com/profile/03249327186653397250noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3401584991689197404.post-919139658638358832009-01-08T15:45:00.000-08:002009-01-08T15:45:00.000-08:00Rousseau, I make no 'biggest'-related claims. Thi...Rousseau, I make no 'biggest'-related claims. This is merely a positive side effect.Neil Sinhababuhttps://www.blogger.com/profile/03249327186653397250noreply@blogger.comtag:blogger.com,1999:blog-3401584991689197404.post-67091790122564949792009-01-07T10:20:00.000-08:002009-01-07T10:20:00.000-08:00I have wondered if lower CEO pay in Japan contribu...I have wondered if lower CEO pay in Japan contributes to more long-term thinking among Japanese CEOs; there are other factors too, of course, but I had imagined that part of it is related to what you suggest here, that with their lower salaries it's more important to them personally to keep their jobs for the long term.Protagorashttps://www.blogger.com/profile/12645042531440559735noreply@blogger.comtag:blogger.com,1999:blog-3401584991689197404.post-6038586085275339642009-01-07T10:03:00.000-08:002009-01-07T10:03:00.000-08:00Oh, and if you believe these people actually respo...Oh, and if you believe these people actually respond rationally to weird incentive structures, most of these non-salary work-arounds are significantly worse than just giving them a large amount of money (like stock options).Bluehttps://www.blogger.com/profile/14667147687700902147noreply@blogger.comtag:blogger.com,1999:blog-3401584991689197404.post-22125668160962237052009-01-07T09:59:00.000-08:002009-01-07T09:59:00.000-08:00Really, of all the side effects that will come of ...Really, of all the side effects that will come of prohibitively high tax rates, you think future earnings stability is the biggest?<BR/><BR/>One of the problems I have with the simple mantra "tax or cap exectuive salary" is that boards have shown themselves extremely willing to find other ways to lavishly reward CEO's.Bluehttps://www.blogger.com/profile/14667147687700902147noreply@blogger.comtag:blogger.com,1999:blog-3401584991689197404.post-56279878404226496052009-01-07T09:02:00.000-08:002009-01-07T09:02:00.000-08:00Perhaps, in compensation, we can let the supremely...Perhaps, in compensation, we can let the supremely rich wear something special, so we can see that they're supremely rich, like the broad purple stripe on a Roman senator's toga.<BR/><BR/>Because at some point, those compensation figures just become a way of keeping score. They begin to represent amounts no one can grasp, never mind spend.Anonymousnoreply@blogger.com