William F. Buckley Jr. on executive over-compensation

He's no friend of these guys:

That money was taken, directly, from company shareholders. But the loss, viewed on a larger scale, is a loss to the community of people who believe in the capitalist free-market system. Because extortions of that size tell us, really, that the market system is not working — in respect of executive remuneration. What is going on is phony. It is shoddy, it is contemptible, and it is philosophically blasphemous.

Questions? Click here: William F. Buckley Jr. on National Review Online