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Because of the principal-agent problem and the fact that there is no structure to reward future success reliably? If the Chicago parking meter plan is so outrag
by renewiltord 2y ago
Because of the principal-agent problem and the fact that there is no structure to reward future success reliably? If the Chicago parking meter plan is so outrageous, why do it? It's obviously bad. So why do it? You know why. There's a guy with controls over a lot of money. He's going to find a way to access some of it.
- doctorpangloss 2y ago> So why do it? You know why. I don't get it. Maybe every single S&P500 CEO has a deferred compensation plan, but when a union asks for it, it's always corruption?