“You Can Pay Someone Like a Mercenary, or You Can Pay Someone Like a Marine” 0
Harvard Business School professor Rakesh Khurana analyzes executive pay, pointing out that “there’s no distinction any more between value creation . . . and value extraction . . . .”
If you want to understand what’s wrong with Wall Street and American business, you will learn more from the seven minutes of this interview that from a year of reading the Wall Street Journal. His conclusion: Wall Street has been paying executives like mercenaries, who sell themselves to the highest bidder, not like Marines, who have a sense of duty, loyalty and a greater good.
And, no, he’s not talking about the size of the paychecks, but rather about the philosophies behind them.
Follow the link to listen (web quotation updated):
It’s the kind of news that raises the hackles of Rakesh Khurana, who teaches at Harvard Business School. He tells host Scott Simon that the highest paid person isn’t always the best.
Read Professor Khurana’s article in the Washington Post here and his subsequent online chat here.
