Andrew Ross Sorkin wrote a terrific column today in the New York Times Dealbook. His piece provided a brief but incisive overview of the issues surrounding the controversy over CEO pay and performance. Sorkin starts off the column asking why Vikram Pandit, Citigroup’s embattled one year old CEO, should remain in his position. According to Sorkin,
Many Americans, including many people on Wall Street, would argue that an executive with a record like that (referring to Pandit) should get paid little or nothing.
The reference to Pandit related more to the problem than Pandit’s actual circumstances or his own opinion on what should take place with regard to Pandit. In the piece Sorkin goes on to review what many of the specialists in the field think and what options exist for improving the problem. If you are at all interested in executive compensation and performance check it out.
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