I’m onto something that was common knowledge and self-policing in the corporate world just a few short decades ago. It’s in their interest to do so.
The rise of the mercenary CEO combined with the invasion of the Wharton MBA, combined with the seemingly bottomless capital inflows from mutual funds have completely distorted the system, allowing and even appearing to encourage a lot of dirty dealing. It continued so long as the overall trend was upward. It’s not anymore, and the dirt’s about to be swept out from under the rug.
People have been too trusting, and if there’s ever a situation where trust alone is insufficient, it’s wherever there are large sums of money and decisions to be made as to the disposition of it, whether that’s a will, a church, a business, bank or brokerage.
People are going to be absolutely furious if the plain truth is ever laid bare.
Right. If I recall correctly, back in the 1950’s the pay ratio of the average company CEO to the average employee was something like 40 to 1. And that was self-policing.
Now the ratio is something like 2000 to 1.
I don’t think that it can be argued that CEO’s are 50 times more productive today. But it can be argued that they are 50 times greedier.