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The 'Market' Isn't So Wise After All
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Thomas Frank on the end of an illusion about the all wise "Markets". Wisdom remains, good thinking remains, the timeless truths remain, ideologies fail.
The bad side of incentive based executive compensation
12/31/2008
Executive pay and bonuses are paid based on incentives to produce good performance. But the parameters that measure performance such as share price can be manipulated resulting in a perverse sytem that incentivizes bad decisions costly to the company even while executives are earning large or grossly disproportionate pay and bonuses. This happened at Merrill Lynch, Citigroup and other financial firms that collapsed or reached the brink of collapse.
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SEC Wants Boss-Employee Pay Gap on Display
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Wall Street Journal 10/31/2013
The 'Market' Isn't So Wise After All
Wall Street Journal 12/31/2008
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
Does Golden Pay for the CEOs Sink Stocks?
Wall Street Journal 12/26/2009
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