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February 21, 2004
The Perk Test
A savvy businessman once told me that there is an inverse relationship between the independence of a board of directors and the level of perks that the board approves for management. This NY Times article details some of the absurd perks that were paid to some of the corporate executives who are defendants in ongoing criminal cases. Not a pretty picture.
Posted by Tom at February 21, 2004 09:46 PM
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