Over the weekend, Arianna Huffington mentioned Fixing the Game on CNN’s Your Money with Ali Velshi. I’m a fan of Arianna’s (who also graciously provided a blurb for the Fixing cover), and her recommendation inspired a few new articles for Huffington Post.
Check out the articles on executive compensation, the life and lot of the CEO and, of course, NFL betting. Looks like they’ve started a great discussion in the comments.
Having interviewed more than one hundreds global business leaders in the Financial Times in the U.K. in recent years, I would like to agree with Prof. Roger L. Martin’s assumption that the stock based CEO compensation adds a lot of volatility to the financial markets. The design and implementation of competitive strategies must be a priority number one for the CEOs at large American corporations as it was explained by Prof. Michael E. Porter, who is the world’s most influential thinker on the management and competitiveness. However, the CEOs from most valuable American companies such as the Apple, Google and most recently Facebook have the stock based CEO compensation packages, hence they are more interested in the increase of speculative expectations by the global investors rather than in the increase of competitive advantages of products and services created by their corporations. This results in the high volatility in global capital markets, and leads to the serious economic crisis in the U.S.A.
Viktor O. Ledenyov
February 5, 2012 at 7:56AM by Viktor O. Ledenyov, Ukraine