Via Moyers & Company:
Each year The New York Times creates a furor by publishing a list of the highest paid CEOs. (This year the top 10 averaged $30.3 million in total compensation.) And each year “the paper of record” misses the real story: Yes, CEOs of public firms certainly are paid ridiculous sums, even compared to corporate chiefs in other rich countries. But the true robber barons run hedge funds and private equity companies. They make billions, not millions, and they do it not by running businesses, but by siphoning wealth away from companies, consumers, students and governments.
Just take a look at what th...
