Who Should Actually Have Say on Pay?
Harvard Business Review
MAY 30, 2013
That''s up from 69% in 2012 and 2011. Malkiel argues that most of the gigantic growth in asset-management-industry profits since 1980 "is likely to represent a deadweight loss for investors." Until the financial-incentive bubble is popped, we can expect misallocations of financial, real, and human capital to continue.
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