Is this supposed to rile us up so that we can scream for more taxes on the rich (those making over $80,000 per year)?
More taxes on the rich is not the answer to this problem
Investors need to wise up. When these managers pay themselves these salaries, the investors lose. That money would be better served toward investor earnings.
I cringe when I hear those say “its good that these people make this kind of money”. They are about as dumb as a sociaist wanting to tax the earnings.
Investors should wise up...find funds that pay investors, not managers