Too Greedy for Adam Smith
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Paid
Published
2015
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Too Greedy for Adam Smith: CEO Pay and the Demise of Capitalism
Too Greedy for Adam Smith is about how out of control CEO pay is destroying free enterprise in America. It explains in plain English how this is more than just flawed economics. It also gives capitalism a bad name, as voters see our corporate elite living by a different set of rules than everyone else. Beyond paying CEOs more than they deserve, this encourages corporate behavior that has little economic purpose besides enriching management and its Wall Street enablers.
Steven Bavaria suggests that people need to reject the idea that excessive pay for CEOs is just a "normal" art of capitalism in the same way we refuse to accept price fixing, embezzlement and other corrupt activity.