Every now and again, usually about writing, someone says, “you don’t do this to get rich”. I want to strangle anyone who says that. It’s insulting. There are many endeavors where one will not get rich, but that doesn’t mean someone should net receive adequate compensation for his or her time and expertise. It also… [Read More]
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Tag: compensation
Barbarians at the Gate, workers, and wages
I’ve started showing Barbarians at the Gate in my corporation finance classes because it is a great story that ties together so many items on the syllabus: investment decisions in existing businesses, sunk costs (the Premier cigarette), the differences between cash flow and accounting income, and the use of leverage. Plus, James Garner is so… [Read More]