We are conditioned to believe that the more we pay, the better the quality. That is drilled into us. Value is determined by how much money we pay for a product or service. How could it possibly be different in paying an executive? So when MIT research, or Goldman Sachs, or BP, or Massey Energy, or General Motors , or Washington Mutual, or Merill Lynch (the list goes on) demonstrate that mega pay does not equal mega performance...or even good performance, then people overlook the evidence and begin to use irrational logic to justify mega executive pay.Continue reading →