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Re: Um...
Quote:
Originally Posted by ThurgreedMarshall
Bonus culture and overpaying CEOs. You cannot tell me that the difference in talent levels between someone you pay $10 million/year and someone you pay $60 million isn't negligible. I refuse to believe that people commanding those salaries are worth anywhere near the difference between their salary packages.
Also, bonus culture on Wall Street will destroy us all. What is the personal risk to someone taking huge gambling risks with company assets? If you lose, the company (and/or taxpayer) pays. If you win, you get returns that are inordinately huge. We are right back where we were. Front-loaded salary packages will destroy us all (unless Amazon does it first).
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Agree with everything you see here, pretty much, but the reference to Amazon is funny because the company consistently destroys its competition by investing for the long-term in a disciplined way.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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