First off: My deepest apologies for being MIA lately. This stomach flu going around has taken the wind out of yours truly's wings.
Secondly: While plotting and scheming a way to fire back at Bill Cohen and the other "yahoos" at the FT who currently feel their sole job is to deride the payscales of THEIR OWN READERS the ever great Epicuean Dealmaker made about as comprehensive an argument as could ever be made. Last time (here) the FT went on its blitzkreig against pay TED and I went duo e mano against their worthless authors; this time he took it alone. Alas, all i can do is point you his way.
Enjoy: TED "Penny for the Guy"