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If you are responsible and accountable for $5B revenues and associated decisions, won’t you agree you deserve 0.5% of that revenue? This is generally accepted r
by sytelus 6y ago
If you are responsible and accountable for $5B revenues and associated decisions, won’t you agree you deserve 0.5% of that revenue? This is generally accepted reasonable management fees for things like index funds. Your credit card company or your iOS platform or Uber takes much bigger cuts.
- zxcmx 6y agoMaybe we should give the president a share of GDP?
- maerF0x0 6y agoRecently I had been thinking what if we pay all elected officials this way, except as something like a multiplier on the median income in the country... GDP growth could be few getting a lot richer or many getting moderately richer. Their pay increases would be inflation indexed and tied to "rising tides lift all boats"
- pembrook 6y agoManagement fees on index funds are trending towards zero for a reason. Just because it’s generally accepted doesn’t make it correct. It was generally accepted 15 years ago that paying 2 and 20 in fees for a hedge fund was reasonable compensation. Then everybody realized that 98%+ of hedge funds aren’t providing alpha and were basically stealing money from the ignorant. A similar realization will eventually happen on exec compensation as we get more data.