Executive Compensation as "Legal Corruption" - and the Continuing Example of the Troubles of Wake Forest Baptist

Conclusion So let me conclude with Prof Mintzer's conclusion,All this compensation madness is not about markets or talents or incentives, but rather about insiders hijacking established institutions for their personal benefit.Too many large corporations today are starved for leadership—true leadership, meaning engaged leadership embedded in concerned management. And the global economy desperately needs renewed enterprise, embedded in the belief that companies are communities. Getting rid of executive bonuses, and the gambling games that accompany them, is the place to start.
Source: Health Care Renewal - Category: Health Medicine and Bioethics Commentators Tags: executive compensation perverse incentives Wake Forest Baptist Medical Center accountability Source Type: blogs