Another conservative bromide down the shitter

How about that?

The arms race in CEO pay doesn’t help performance or retention, according to a new study.

Outsized CEO pay has been a bone of contention for shareholders and a flashpoint for public discontent, but was always justified with the conventional wisdom that if a company doesn’t pay its top brass top dollar, they’ll go somewhere where they can earn more.

Charles Elson and Craig Ferrere, director and fellow, respectively, at the John L. Weinberg Center for Corporate Governance at the University of Delaware, took aim at this long-held theory in a new paper, as reported by the New York Times last weekend.

This is like 90 percent of CNBC programming so....