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Companies are much better managed now than they were a few decades ago. Think about the fact that corporate raiders were able to buy large companies in the 80'
by tullius 17y ago
Companies are much better managed now than they were a few decades ago. Think about the fact that corporate raiders were able to buy large companies in the 80's, split them apart and sell their constituent lines of business for more than the companies were previously worth.
CEO pay has simply increased in line with the market capitalization of the largest public companies.
- pw0ncakes 17y agoThe stock market is a poor arbiter of whether a business decision is good for the long run. Traders are good at outguessing each other in the short term, but have no sense of the long term.
- CWuestefeld 17y agoAgain, how about a citation? On what basis do you believe that they're not reflecting the long term?