Berkshire Hathaway's Munger Says Not Enough Executives Have Gone to Jail

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Berkshire Hathaway's Munger Says Not Enough Executives Have Gone to Jail

Written by David Neubert

The Inelegant Investor Summarizes Munger's Comments to the LA Times.

Munger derided compensation consultants, declaring that "I have always said that prostitution would be a step up for these people." Munger pointed out that the problem was not that CEOs were evil, but that..." envy-driven compensation mania... brings out the absolute worst in good people."

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Disclosures and Confessions: I own Berkshire Hathaway. (BRK.A ) I sometimes eat at Dairy Queen which is owned by Berkshire Hathaway.

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