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Unfair World, It's the economy – and CEO pay, stupid

FORTUNE -- The individuals who gathered in Davos, Switzerland last week are doing comparatively well in this economy. But many of the U.S. CEOs are concerned about the uncertain business climate. And many of their peers sit on cash while millions continue to search for work. Why are we in this current mess? "Incentives may be driving CEOs to invest less," says Columbia Business School professor John Donaldson and co-author of a New York Fed staff report exploring the connections between pay, business decisions, and the economy's health.

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