The WSJ reports on a study that compares CEO’s pay with stock performance. Too many variables to say with certainty that the higher the CEO’s slice the worse the company’s performance, but you sure can’t prove that these prima donnas are worth their pay, either. I figure that greedy, self-aggrandizing CEOs are just plain bad news, period.
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Don’t buy shares in such cos., or sell shares owned in poorly-managed cos.
And smart short sellers like Chanos have earned billions for selves and their investors by betting against poorly-run cos. like Enron, etc
Every trade has two sides, right?