Wrong Fix for Short-Term Corporate Thinking

Executive pay is a bigger issue than quarterly earnings reporting.

Every manager needs a pair.

Photographer: Max Mumby/Indigo/Getty Images

Every now and then a remarkably bad idea springs to life. It gets debated, ridiculed and eventually discarded. In the marketplace of ideas, free and open debate help to determine which ideas are useful and which wind up in the rubbish heap. (John Stuart Mill was onto something). We tolerate reprehensible ideas because, ultimately, free speech leads society toward a greater truth. 

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