There was a time when I thought the arguments given for ever rising executive compensation were all examples of the slippery slope. Stupid me! I now realize that they are examples of a false dichotomy. How is it that I was missing the either…or… structure of these statements over the last decade? Probably too concerned about keeping a roof over my head to look more closely. Pahndeepah, you are BAAAAD public philosopher… keep your eyes and ears more open!

…a study released last week pretty much drives a stake through that old “pay ’em or lose ’em” line — what you might call the brain-drain defense. It also debunks the idea that companies must keep up with the Joneses by constantly comparing their executives’ compensation with that of similar companies.

via CEOs and the Pay-‘Em-or-Lose-‘Em Myth.