CEO compensation, investments and the stock market - not to our benefit

it's about time the truth about ceo compensation, investments and the stock market hit the public eye... it's ALWAYS been a scam, a huge myth perpetrated by the have-a-lot's to insure they become the have-a-lot-more's... devilstower at kos is always a reliable source of solid information and his recent diary there is no exception... i would encourage a visit to kos to read all of it...

Is it any surprise to you that CEO pay has grown faster than that of workers? Are you shocked that money managers are making more off the stock market than average investors? As you troubled to hear that most mutual fund managers are not really very good?

How about this: would you be shocked to know that you've been played for a fool, that the entire modern stock market is little more than a con game designed to part you from your cash faster than a slot machine in Vegas, and that the "ownership society" was a complete illusion set up to give the vast bulk of your savings over to the people who were supposed to be taking care of it?

Who would make such communist, anti-market statements? How about John Bogel, the man who founded Vanguard Investments and a lifelong conservative Republican.

(The Battle for the Soul of Capitalism by John C. Bogle...)

Submit To Propeller
Tweet