As she notes in the column, a private company has the right to pay its boss whatever it wants. But tying salaries to stock options has screwed things up. It motivates CEOs to do things for all the wrong reasons. And with governments now tying their own managerial salaries to private-sector salaries, things are getting way out of hand.
And here's the TC's editorial from yesterday on the same subject: Both the editorial and Wente's column are based on a new report from the Canadian Centre for Policy Alternatives.