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." |
| Recommended Reading: May 5, 2008 |
| Written by Eben Esterhuizen | |||
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This is one of the best pieces of financial journalism you're ever going to read. The next bubble: Priming the markets for tomorrow's big crash, published by Harpers Magazine.
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