Friday, June 16, 2006

Along with hip-hop and Hollywood movies, Europeans are eagerly importing another American phenomenon: soaring pay packages for chief executives.

For decades, Europeans were far more restrained than Americans when it came to rewarding the boss. Now, executives overseas are less inhibited about asking for American-style compensation. And often they are getting their wish.
Investors are resistant. One wonders whether they are concerned about the scandals that have often accompanied monster pay packages.