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On Executive Compensation & Wealth Transfer

Posted By Barry Ritholtz On April 10, 2011 @ 8:45 am In Corporate Management,Options,Philosophy | Comments Disabled

Today’s QOTD:

“Middle-class America experienced a lost decade in their retirement accounts, whereas executives enjoyed record compensation packages through the subterfuge of stock option programs. There has been a massive wealth transfer from middle-class America’s retirement accounts to the bank accounts of the privileged few. The social consequences of this wealth transfer bear scrutiny.”

-Albert Meyer, Bastiat Capital (NYT [1])

For more on how executive compensation has run amuck in America, read Roger Lowenstein’s 2004 book, Origins of the Crash: The Great Bubble and Its Undoing [2].

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2011/04/on-executive-compensation-wealth-transfer/

URLs in this post:

[1] NYT: http://www.nytimes.com/2011/04/10/business/10gret.html

[2] Origins of the Crash: The Great Bubble and Its Undoing: http://www.amazon.com/exec/obidos/ASIN/B000BNPG8M/thebigpictu09-20

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