Too Much Cash in the Corner Office

It’s proxy season, high time to figure out the right way to pay the country’s chief executives
In his first year on the job, Apple's Tim Cook received a pay package that could be worth $378 million over the next 10 years Photograph by ImagineChina/AP Photo

Chief executive officers are not the only highly paid people in America. It’s just their misfortune that, thanks to disclosure rules, they’re among the most visible. This proxy season coincides with an electoral cycle in which income inequality has become a populist issue for candidates in both parties, which means CEO paychecks will be scrutinized as never before. And what can’t evade discovery is that, even among the very rich, CEOs have been consistently overpaid.

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