Skip to main content

View Diary: Obama Admin to Citigroup: "No Plane for You!"(UPDATED X3) (347 comments)

Comment Preferences

  •  Google 'Too Much Capital' 2005 NYT (0+ / 0-)

    If the link above does not work, try the google "
    'Too Much Capital'

    With capital in a weakening position, returns that once would have gone to owners of capital have gradually been redirected. That is one way to explain the surge in management compensation in the last two decades. In the early 1980's, when interest rates were high and stock prices low, the average chief executive received no stock options in any given year. Now nearly all get sizable grants, and one study found that chief executive pay rose faster than that of any group save for professional athletes and movie stars. Those who provided the capital had less power to demand the profits from the enterprises they financed.

    Religion gives men the strength to do what should not be done.

    by bobtmn on Tue Jan 27, 2009 at 03:37:22 PM PST

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site