1. Warren Buffett: The Deck Is Stacked Against Shareholders When It Comes to Executive Pay

    Warren Buffett: The Deck Is Stacked Against Shareholders When It Comes to Executive Pay

    In recent months, I have written about a number of market phenomena that present investors with problems. One of these things concerns the use of stock-based options as a means of compensating executives. In one of his letters, Warren Buffett (Trades, Portfolio) criticized the practice, arguing they represent an unfair transfer of wealth from shareholders to managers...

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