04/20/2012 08:15 am ET

The Effects Of Income Inequality At The Workplace

High CEO pay is like a zombie that will not die.

And it’s hard to understand why, considering most leadership advice and organizational theory would stop excessive pay packages dead in their tracks. They put too much emphasis on one person’s contribution, distort decisions, encourage excessive risk-taking, and damage morale at a time when the rest of the company is being forced to cut back.

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