I don’t begrudge the $15.3 million annual salary that Texas Rangers shortstop Elvis Andrus is knocking down this year, or even the $24 million that Rangers first baseman Prince Fielder will pocket.
The same goes for the $75 million that actor Robert Downey Jr. pocketed last year — more power to these gentlemen.
Indeed, all of them possess exceptional talents, and their agents negotiated the best money deals possible for them. These deals were struck in arm’s length transactions with rational, willing buyers of their talents — a professional baseball team and movie studio in these instances.
So big payouts such as those are fine by me. I don’t care.
First, the relationship between corporate boards of directors, who set compensation levels, and their CEOs is much too incestuous to resemble anything remotely akin to free market negotiations.