Wednesday, September 5, 2007

On greed

Thomas Sowell had a profound but often-overlooked point in his column of the other day:

"A recent study showed the median income of major corporate CEOs to be about $8 million a year. That's less than a third of what Alex Rodriguez earns and less than one-thirtieth of what Oprah Winfrey makes. But no one is denouncing them for "greed."