On Sun, Apr 5, 2009 at 11:18 PM, Gruss Gott <[email protected]> wrote: > >> Judah wrote: >> The fundamentals of that dynamic encourage a culture of hiring >> gunslingers who are out for short term gains. They structure their pay >> that way and aren't in it for leaving a strong company for the >> grandkids > > I agree the structure is flawed, but not for the reasons you give. > > The problem lies with 3 things: > > (1.) Comp committees and chairs that are essentially hired and paid by > senior management. > > (2.) Boards that are essentially chaired and staffed by the CEO. > > (3.) Institutional investors, but more unregulated institutional > investors such as hedge funds. > > Fix the boards (independent and audited by 3rd party auditors), and > fix the rules around buying large amounts of equity. > > A share of stock needs to be "shared" again. > >
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