Corporate America Is a Culture of Enemies

Charlie Rose: It's very seldom that publishing compensation accomplishes much for the shareholders. He says corporate CEOs as a group would be being paid a lot less money if proxy statements hadn't revealed how much other people were getting paid is only human to look at a whole bunch of proxy statements and say well I'm worth more than that guy, he adds. "They're way better off without adding to the culture of envy in America"