00:00Well, I think being a director is different from being an executive.
00:03I think you'd get plenty of wonderful directors at American companies if you didn't pay them at all.
00:09You're saying also the CEO shouldn't make as much, right?
00:11Yes.
00:12So how do you incentivize them to want to work to get there?
00:17Do you really think that a man who craves power and significance and likes decision-making
00:22and is running a big company and has one of the most important public ranks in America
00:27and he makes $5 million a year, do you really think he'd work a lot more effectively
00:31if you raised him to seven?
00:33I think the whole thing is insane.
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