Activist investor Jeff Ubben urges ‘fix’ for Silicon Valley
Talk about the pot calling the kettle black.
Corporate compensation and inurement is out of whack. I agree.
But it is ironic, to say the least, that a guy who comes out of an industry in which the top 10 managers each earn more than $1b a year - doing nothing but taking levered bets on other peoples money - has the gall to criticize the $100m salary of the guy who managed to build a globally ubiquitious business increasing its shareholder wealth from $36b to $367b company in less than ten years.
I say pox on both their homes.
Addendum:
Institutional Investors Top 25 Earning Hedge Fund Managers in 2013.
