Tuesday, April 11, 2006

Pejman Yousefzadeh is a plutocratic twit.

Check out his entry on RedState, wherein he takes Kevin Drum to task for complaining about the exponential increase in rates of CEO compensation vs. employee compensation.

Pejman's take?
If CEO compensation has gone overboard, I trust the stockholders to do something about it."


First off, CEO compensation is most certainly already overboard, when compared with the share the workers take home. But furthermore, when you have an incestuous board of directors that feeds at the same trough, and a great bulk of the shares are owned by the big brokerage firms, what power does your average private shareholder really have to effectuate change?

Pejman just doesn't seem to get that an unregulated free market is manipulable by the collusion of powerful interests. Or maybe he does understand it, and he likes it that way, so that it can be him if he ever gets there.

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