Compensation: Fire the Messenger

Fire the Messenger

Mention the name Graef Crystal in a corporate boardroom, and you're likely to hear a collective growl. Crystal, 57, is the nation's foremost critic of high executive pay, and for half a decade he has been outraging business leaders with his high-profile columns describing just how overpaid they are. But Crystal is beginning to find it difficult to get his message across.

Last week, after an intimidating barrage of corporate complaints, Financial World magazine abruptly dropped the regular column written by the University of California, Berkeley, business professor. Eight months earlier, Crystal -- weary of sideline debates with executives on Time...

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