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July 15, 2006



This is all beside the point. CEOs are paid heaps because they are effectively judges in their own cause. The proposition that the shareholders should leave the running of the company to the directors obviously makes no sense when it comes to determining the directors' pay. Why the ratio has increased so much of late is a different matter. I suggest that it is because baby-boomers now fill all such jobs and they are a notoriously immoral mob.

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