"The Economist" Explodes Salary Caps

The latest issue of The Economist does a beautiful job of dismantling the notion of executive salary caps.

In general, The Economist's reporting during this crisis has been remarkably high-quality given what must be extremely tight deadlines. Just generally, it's a great magazine, well worth the steep price to keep weekly issues coming. A lot of people make the mistake of thinking their stance is super-conservative, when it's not at all. It's staunchly, painfully pro-globalist (a stance which colors only a slim portion of its reporting), but socially liberal and politically agnostic. If Newsweek, Time, and US News strike you as light-weight and you crave more in-depth, carefully reported treatment of the week's news, grab a newstand edition or two (or surf their web site) and you'll be hooked, as I am. I understand the world far better for having been a subscriber for the past couple years.