Home Depot's Bob Nardelli's $210 million golden parachute has renewed the buzz about CEO compensation. Is huge CEO pay justified? On today’s "Morning Call" – both sides "slugged" it out.
Yaron Brook, President and Executive Director of the Ayn Rand Institute feels that huge pay packages are necessary to attract a top notch CEO.
Brook says, “We live in a global economy. The job of the CEO is incredibly complex, incredibly difficult, incredibly competitive.... Shareholders want performance they’re willing to pay for it. What we need to remember here is that this is shareholder business.”