Roger Martin

Apple CEO Tim Cook speaks about Apple Pay during an Apple event at the Flint Center in Cupertino, California, on September 9, 2014.

We actually pay CEOs like menial laborers — and here’s why

Economics

The modern American economy is based largely on talent and knowledge, but the way we pay people never caught up with the country’s big economic changes. That’s how CEOs get paid huge amounts, even though the incentives don’t work the way they used to.

Capitalism: Broken, or A System Unfairly ‘Gamed’?