It is remarkable that the federal appeals court judge who dissented on the Jones v. Harris Associates case made a point of saying that executive compensation needs to be reined in, The New York Times reports.

Judge Richard A. Posner, who normally believes economic questions are best left to the devices of the marketplace, decided the case, scheduled to be heard before the Supreme Court on Nov. 2, was different. “Executive compensation in large publicly traded firms,” he wrote, “often is excessive because of the feeble incentives of boards of directors to police compensation.”

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