Executive Pay

I saw an article about executive compensation on Saturday. A hedge fund manager justified a $1 Billion payday for himself by saying it could be zero in a bad year. I'm amazed a newspaper would quote such a quack. The true test of risk for that CEO would not be zero compensation in a bad year. The true test would be having to return excessive pay in a bad year. Who cares about zero income in one year when one pockets $1 Billion the year before? I'll suggest, too, that the hedge fund business may have began as an honorable enterprise, but it's now a manipulator, insider, fixer racket run by men who get manicures before tea. The truth about CEO pay is that piles of unrestricted cash are out there for the taking, selfishness is unchecked, and too many really think they are worth whatever they can hustle. Saddam Hussein thought he was worth all the money he looted from Iraq before his demise. Any chance these hedge fund managers are hiding WMDs?