Each year, business Week gives an article detailing the exploits of
executives, like Ovitz, who screw up and get paid royally for their
efforts.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 916-898-5321
E-Mail [EMAIL PROTECTED]
Yes, addenDUMB: I got so hung up with the idea of execs being paid a
scarcity rent that I lost sight of what they get paid when they don't
receive a scarcity rent, i.e., when they're paid their "Marginal physical
product."
Since corporate execs are, strictly speaking, unproductive workers -- i.e.
Wojtek: I recommend that you look at Frank & Cook's THE
WINNER-TAKE-ALL-SOCIETY (Penguin). Even though they don't use the
terminology of rent, their analysis fits with it. It's generally well
written, for a nonprofessional-economist audience. (It's in the broad
tradition of segmented labor markets
Wojtek writes: >
> >Is executive salary, or a part of it, rent from an economic point of view?
> >And if so, how can the rent component in that salary be determined?
> >
> >I'm asking this question because a mainstream economist I'm working with
> >argued that exec's salary can actually reflec
Wojtek writes:
>Is executive salary, or a part of it, rent from an economic point of view?
>And if so, how can the rent component in that salary be determined?
>
>I'm asking this question because a mainstream economist I'm working with
>argued that exec's salary can actually reflect the exec's w
Carlo Ponti and Joseph E. Levine, the producers of Jean-Luc Godard's
"Contempt", were eager to make a commercial film that would appeal to a
broad audience, while simultaneously exploiting their "edgy" young
director's notoriety. They were interested in a "product" that would sell
both in art-hous
On Mon, 7 Jul 1997, Terrence Mc Donough wrote:
> Competitiveness is also effective in that it provides an umbrella for
> two different strategies. One is Jim D's competitive austerity of
> which the U.S. and Britain are the exemplars. [Indeed, it would not
> be inaccurate to describe it as
Is executive salary, or a part of it, rent from an economic point of view?
And if so, how can the rent component in that salary be determined?
I'm asking this question because a mainstream economist I'm working with
argued that exec's salary can actually reflect the exec's worth (i.e. what
he, r
In his famous speech to the U.N.
>on the ugly machinations of U.S. Imperialism, the Defense Minister
>Krishna Menon (friend of both Nehru and Chou En-Lai) alluded to the
>behind-the-scenes machinations going on of which India was an
>unwilling participant (the slogan in India right before the
Comrades in the Washington area: I'll be at Vertigo Books tonight, Tuesday,
at 6 PM, in the latest stop in my self-promotional tour.
If you don't care, please ignore this.
Doug
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