The Wall Street Journal's opinion journal posted an interesting piece on CEO pay. Efforts to disclose pay figures in public will do nothing to improve CEO performance, the author argues. Instead, the government should reduce some of the regulations on corporate takeovers--if exces were more afraid of a takeover, the reasoning goes, they'd do more to earn their pay.

Here's the link.

Of course, this article refers to public company CEOs. But one has to wonder how many entrepreneurs receive salaries approaching 10% of sales and whether or not their employees or investors would object to such a figure.