Outraged by Executive Compensation? Put Entrepreneurs In Charge

Every time there’s an economic downturn, the spotlight shines on the super-rich and their out-of-touch lifestyles. The iconic moment of the 1991/1992 recession was then President George Bush looking bewildered at the supermarket checkout line during the 1992 “It’s the Economy, Stupid” presidential campaign. In 2001/2002 it was Tyco’s CEO Dennis Koszlowski spending $1 million of shareholder money on his wife’s 40th birthday party (mine is coming up this summer, by the way, and I don’t think it will cost my partners very much at all, really).

To continue reading this article you must be a Bloomberg Professional Service Subscriber.