Are CEOs really overpaid?

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In the aftermath of the abrupt firing of Harry Stonecipher (shown here) as Boeing’s CEO, it’s time to revisit the question of whether CEOs are too lavishly compensated. Those of you who read the racier bits of the business pages will recall that Stonecipher was fired this month when it came to light that he was having an affair with a female employee of the company. An article in The Economist (headlined “The end of the office affair?”) contrasted Stonecipher’s fate with past

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