Tag: brittle spear

  • The Brittle Spear IV: Incentives

    The Brittle Spear IV: Incentives

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    Publicly traded companies have a fiduciary responsibility to do what is best for their shareholders. It’s all good and well that management should be beholden to the owners of a firm. Management really should behave in the best interests of those whose mandates they are supposedly carrying out. This provides us a few perverse incentives,…