Is it time for a C-suite purge?

10/25/2012 | CBS MoneyWatch

Many companies are afflicted with C-suite bloat, writes Steve Tobak. That gives second-tier executives an inflated sense of self-importance and leads companies to pay absurdly high salaries to people who don't actually achieve much. "Sure, some of these functions are important, but the only C-level executives that matter are chief executive, operating and finance officers," Tobak asserts.

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