Save Capitalism by Limiting Executive Pay: Kathy M. Kristoff
Limiting executives’ pay isn’t just good political fodder for liberals—it’s also a matter of survival for the stock market and capitalism, insists Los Angeles Times business columnist Kathy M. Kristoff. What Wall Street and its defenders need to realize, Kristoff argues, is that if executives don’t start reigning in their gluttony, rank-and-file investors are going to lose confidence and “start making demands.” She continues: “Instead of trusting executives to share the profits when we give them our capital, for example, investors will start demanding contractual interest.” In other words, people will stop investing in stocks and look to corporate bonds instead, which has already begun, Kristoff points out, citing financials that indicate investors pulled $22.3 billion out of equity funds over the past two weeks while investing $6.5 billion more in bond funds.
- Top Stories
- Unusual News
- Where is the Money Going?
- Controversies
- U.S. and the World
- Appointments and Resignations
- Latest News
- Trump Announces He Will Switch Support from Russia to Ukraine
- Americans are Unhappy with the Direction of the Country…What’s New?
- Can Biden Murder Trump and Get Away With it?
- Electoral Advice for the Democratic and Republican Parties
- U.S. Ambassador to Greece: Who is George Tsunis?
Comments