New York

Paying for Mistakes

by



An astute reader points out that I’m too soft on CEOs

Thanks, Aram, wherever you are in the ether, for pointing out this mistake. On July 30, I noted that large-company CEO pay increased an average of 31.3 percent from 1990 to 2003. There must have been a piece of dirt on my laptop screen, because there should have been no decimal point. The average increase for those CEOs during that period was 313 percent.