The Inelegant Investor Summarizes Munger's Comments to the LA Times.
Munger derided compensation consultants, declaring that "I have always said that prostitution would be a step up for these people." Munger pointed out that the problem was not that CEOs were evil, but that…" envy-driven compensation mania… brings out the absolute worst in good people."
Disclosures and Confessions: I own Berkshire Hathaway. (BRK.A ) I sometimes eat at Dairy Queen which is owned by Berkshire Hathaway.
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