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Sadly, unless you think about those nudges like a pen-tester, you're going to create unintended consequences with your adjustments and new rules and new excepti
by wcunning 7y ago
Sadly, unless you think about those nudges like a pen-tester, you're going to create unintended consequences with your adjustments and new rules and new exceptions every single time. I just listened to a podcast that posited that much of the CEO pay problem was due to changes in the corporate tax ability to write of CEO salary in the early 90's which led, through other tax provisions and investor desires, to paying with stock options. That happened right at the beginning of the dotcom boom and caused every person with a stock heavy position to massively increase in wealth, far faster than any salary would have. Had that been left alone, they would all be paid millions, but not hundreds of millions. The position posited in the podcast was that it should be stock with long term holding requirements and awarded based on relative performance vs. the market to prevent everyone getting the maximum stock bonus based on the market going up and nothing the managers and executives did.
- epow 7y agoPodcast sounds interesting. What's it called?