The court of public opinion says that CEOs are overpaid. This author does not have an argument with that per se, but he does argue, compellingly, that CEOs are overpaid not necessarily because their company under-performs, but because they are being paid for work that is, literally, beneath them. Too many CEOs, he points out are paid for operational, not strategic work. In this important article, he lays out a sound blueprint for identifying the work that CEOs should be doing do and be paid for.

Editor's Note: excellent article - one of the best I have read (for high level thinking) about executive compensation