Jeb on the threat to capitalism
"Florida governor Jeb Bush - a pro-market conservative - is even more blunt. Out-of-control compensation, he believes, is "a threat to capitalism."
Says Bush: "Large rewards for great results can still be attacked, but they're very defensible. But if the rewards for CEOs and their teams become extraordinarily high with no link to performance - and shareholders are left holding the bag - then it undermines people's confidence in capitalism itself."
The governor, whose $120 billion Florida pension fund is the fifth-largest in the country, is hardly the only appalled "owner." Some 90% of institutional investors think top execs are "dramatically" overpaid, according to a Watson Wyatt survey last fall."