When Talent Started Driving Economic Growth
Harvard Business Review
SEPTEMBER 30, 2014
In 1976, the famous LBO firm KKR was formed and starting charging its clients 2% of assets under management and 20% of the upside they created for their clients, opening the door to massive wealth accumulation for high-flying fund management talent. In 1977, the movie Star Wars was released, with sequels following in 1980 and 1983.
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