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I think the tenure decline is a symptom of the removal of incentives outside of simple base pay from the majority of employees. When you have a pension that can
by willcipriano 4y ago
I think the tenure decline is a symptom of the removal of incentives outside of simple base pay from the majority of employees. When you have a pension that can only be paid in retirement if the company remains solvent you tend not to make these short term choices.
- MarkPNeyer 4y agoWhat you are drafting is the difference between private ownership (ie the company is owned by current a former employees who have an incentive to keep a watchful eye for long term risks) and public ownership (ie the company is owned by anyone who either buys a share or has money with a fund manager who buys the shares), where no single person has any long term incentives.