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The right likes to scream about this phenomenon in civil service. The left likes to scream about it in the private sector. Incredibly good point... it's the sa
by api 15y ago
The right likes to scream about this phenomenon in civil service. The left likes to scream about it in the private sector.
Incredibly good point... it's the same phenomenon.
We need -- collectively -- in all spheres -- to take a good look at some people and start asking questions like "what exactly is it that you do here? what value do you create that is commensurate with your salary?"
In government this has to happen at the management or political level. In the private sector this needs to happen via shareholder pressure. If shareholders had a brain, they would start agitating for long-term merit-based CEO pay.
- maratd 15y agoThe best solution, in both the government and private sector, is to keep things small. Smaller governments and smaller companies. On the small scale, it's very easy to ask "what exactly is it that you do here?" to everyone involved in the entity.
- gph 15y agoAh, but not all shareholders are in it for long-term gain, so they don't necessarily want a CEO that aims for the long-term. And even those that are technically in it for the long-term are hand their money off to Fund Managers, who as recent times have shown aren't that great at long-term investment either.