A Better Umpire for Corporate Pay: Amity Shlaes

What is talent, and how should we pay for it? Among the many who aren’t sure of the right answer is — you guessed it — Congress. Last month, the House moved to shame some key, ambitious, highly paid risk-taking players in an industry by passing the Corporate and Financial Institution Compensation Fairness Act. The same day, the House dealt with a key, ambitious, highly paid risk-taking player in another industry by drafting a resolution of congratulation.

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