03/09/2009 05:12 am ET Updated May 25, 2011

Netflix CEO Reed Hastings Is One CEO Who Gets It

The jury's still out on whether there's a modest CEO in the land. But there's at least one very clever CEO: Reed Hastings of Netflix.

In a New York Times op-ed, Hastings argues that President Obama's proposal to limit certain CEO pay is "a terrible idea." Most CEOs probably agree. But instead of the usual bromides about how CEOs are geniuses who deserve every penny they earn, Hastings proposes an alternative: Tax anybody who earns over $1 million - which includes most Fortune 500 CEOs - at 50 percent. Including him.

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