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." |
| Exxon Trying to Change Bad Image |
| Written by David Neubert | |||
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The Wall Street Journal reports that Exxon has cut off funding to groups that questioned the validity of global warming and connections to fossil fuels. The article says Exxon states that, "climate-science models that link greenhouse-gas concentrations to global warming are getting more reliable ." Links: Exxon Report on Global Energy Demand to 2030
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