Thursday, July 06, 2006

Diving Italian Style and CEO pay

My sister just sent me this nice little clip of the Italian soccer team training.

http://www.youtube.com/watch?v=wcCw9RHI5mc

What bothers me about the Italian team isn't that they fake injuries, it's that the current system gives them the incentive to do so and has yet to punish them for the behavior.

This is the same way I feel about the current CEOs earning mega-million incomes, regardless of their companies' profits. Although the CEOs disgust me for adhering to the Republican mantra that "people deserve what they get," I am more interested in changing the culture which tolerates these people, than of scolding the individuals themselves. Just because the CEO receives 30 million dollars a year, does not mean that they are worth that much money. This holds for non-profits as well: College presidents often earn over 1 million dollars; a monkey would have gotten in less trouble than Larry Summers (as much as I like him as an Economist).

As much as Europeans will disagree, soccer needs to incorporate some review for yellow and red cards and especially for fouls resulting in goals (penalty kicks and direct kicks near the goal). Since the typical game only has a couple of yellow cards and a few goals, this would not ruin the flow of the game. It may also make the game more popular with US tv stations, who could use the time for commercials.

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