Should Govt Regulate Executive Pay?

Every couple of weeks, the Economist conducts an on-line debate between two economists over a timely public policy issue.  This week’s debate features yours truly, debating Professor Wayne Guay of the Wharton School.  The question being debated:  should government regulate the pay of corporate executives?

You probably won’t be surprised to learn I take the position that government should generally stay out of regulating executive pay (or any pay).  To see my argument, just follow the link.