Exec Compensation is a complicated subject. On one hand, there are those who believe executives should be paid a modest income, perhaps linked to the pay of an average worker in the organization. On the other hand, some might argue that in order for the business to get the best operator for the job, a large pay packet is required. More money is generally considered to be the best strategy to attract and retain the best talent
ValueAct Capital Management, the activist fund run by Jeffrey Ubben, is not buying the latter argument. The problem with large static...