Comments on: So much for disclosure of executive pay… http://www.truthonthemarket.com/2006/04/13/so-much-for-disclosure-of-executive-pay/ Academic commentary on law, business, economics and more Thu, 18 Mar 2010 20:05:20 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: Chris http://www.truthonthemarket.com/2006/04/13/so-much-for-disclosure-of-executive-pay/comment-page-1/#comment-1282 Chris Thu, 13 Apr 2006 16:42:16 +0000 http://www.truthonthemarket.com/2006/04/13/so-much-for-disclosure-of-executive-pay/#comment-1282 I'd rather have $300+ million dollars than the unblemished adulation from millions of people that I will never see or meet. I imagine that most CEOs feel the same way. When Mr. Raymond is playing a round of golf (on Exxon's dime) does anyone honestly think that his peers are going to snub him? It isn't going to happen at the $1000/plate benefit dinner either. I imagine that shaming is only effective when the people that are shaming you belong in your peer group and the multi-millionaire set isn't likely to look down on someone for collecting a huge check. I’d rather have $300+ million dollars than the unblemished adulation from millions of people that I will never see or meet. I imagine that most CEOs feel the same way.

When Mr. Raymond is playing a round of golf (on Exxon’s dime) does anyone honestly think that his peers are going to snub him? It isn’t going to happen at the $1000/plate benefit dinner either. I imagine that shaming is only effective when the people that are shaming you belong in your peer group and the multi-millionaire set isn’t likely to look down on someone for collecting a huge check.

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