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." But it also inflated what Mihir Desai has dubbed a "giant financial incentive bubble". Since say-on-pay hit the U.S.
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