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Thus, they decide on a large pay package in hopes that their own pay package is reciprocally large. Reciprocally... is that a word?
But the thing the galls the most is that these CEOs, always stout advocates of competition, can fail miserably and still make millions. They talk about risk-taking and the virtues of the market, but they game the system to ensure they will be completely insulated from poor performance. The only ones who suffer are the employees and the shareholders.