Advice on Boss's Pay May Not Be So Independent - New York Times

Advice on Boss's Pay May Not Be So Independent - New York Times: Gretchen's at it again. She's improving. Less strident. More balanced. Always crusading. "Warren E. Buffett, the chief executive of Berkshire Hathaway and an accomplished investor, has noted the troubling contributions that compensation consultants have made to executive pay in recent years.
'Too often, executive compensation in the U.S. is ridiculously out of line with performance,' he wrote in his most recent annual report. 'The upshot is that a mediocre-or-worse C.E.O. — aided by his handpicked V.P. of human relations and a consultant from the ever-accommodating firm of Ratchet, Ratchet & Bingo — all too often receives gobs of money from an ill-designed compensation arrangement.'"