How people are paid at the top in a free-market system has always been a contentious issue, especially in bad times. Babe Ruth’s most famous quip was not about baseball but about salaries. When asked in 1930 if it was right that he should be making more money than President Hoover, he replied, “I had a better year than he did.”
What’s a Bailed-Out Banker Really Worth?
Steven Brill | The New York Times | December 29, 2009 | 1,676 words
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