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Philip Greenspun:“The theory is that it is tough for a manager to do a good job if he or she is paid only a straight cash salary of several million dollars; the manager also needs to get an additional $10-20 million per year in stock.[Scripting News]
Isn’t it very common for managers and their cronies on the Board to steal from the shareholders?æ Of course.æ But the airlines are different… Greenspun writes, since THEIR execs aren’t just pocketing shareholder money, they’re pocketing taxpayer money.
Paraphrasing what Ghandi reportedly said when asked what he thought about western civilization: “Capitalism? I think it would be a very good idea.”