Executives continue to get very well paid when companies do well, but also get very well paid when results are poor. Executive remuneration is lacking in symmetry with the performance of the enterprise. This gap between payment & performance and the short-term nature of these rewards incentivises an obsession with the short term, I think. read more..
Are stock options the root cause of all the major shortcomings of capitalism? Can we blame the incentives for the evils of capitalism? This article by Tim Cohen appeared in the Business Day in 2011 (2011-11-10 to be precise) already. Backlinking to the original article, unfortunately, is not available anymore. The Big Three He says, read more..