Jesse Fried Thinks Congress Incapable of Regulating Executive Pay

San Francisco Chronicle, September 27, by Susan Sward
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/09/26/BUHM135DL7.DTL

“Even though I have been a critic of executive compensation arrangements, my own view is Congress should not be trying to micromanage pay in these companies” receiving bailout monies, said UC Berkeley law Professor Jesse Fried….”Congress typically doesn’t know what it is doing when it comes to regulating executive compensation, and every time they have gotten involved in micromanaging CEO pay, they have made a much worse mess of things,” he said.