The goal is not to just make money,
but make it now. Two primary reasons for that: 1) Inflation will make
it worth less later, and 2) higher taxes will make it more difficult
later. If executives can show profit growth, investors are happy. As
long as the investors are happy, they will reward management ($$) for
the success.
David
"Everything government touches turns to crap"--Ringo Starr
"Everything
government touches turns to crap"--Ringo
Starr
On 4/22/2010 11:37 PM, Dr. Ernie Prabhakar wrote:
Sent from my iPhone
What if
increases over $ 5 million had to be made public, with the names of
everyone who
approved such packages broadcast / publicized ?
The data on executive compensation is already public. No serious
investor quibbles over millions in salary when they're managing
billions in assets. It really doesn't matter.
If you want to stop short-term thinking, you need a systemic
change in the -structure- of pay, not it's amount.
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