Executive Compensation Fairytale 1: Executives Are Greedy
Channel: Obermatt Executive Compensation
Date: 2015-06-24

There is widespread believe that it is executive greed that makes management compensation spiral. That's wrong. There are much stronger forces in place that increase pay: Transparency, pay-for-performance and the "fat tails" of financial numbers. And all three causes are here to stay as Obermatt CEO Dr. Hermann J. Stern shows in his speech for the CFA Institute in Switzerland: "It's not the fat cats, it's the fat tails that we should worry about"