The worst affront to the national interest is that these compensation arrangements created incentives for CEOs to "roll the dice" in search of the biggest possible scores for the company (and, not coincidentally, themselves), with too little regard for the downside risk if they bet wrong. And with no appreciation for the potentially dangerous consequences of such gambles, in the aggregate, for the economic security of the American people.
Markets are forward-looking
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LPL Financial analyzed 25 major geopolitical episodes, dating back to
Japan’s 1941 attack on Pearl Harbor. “Total drawdowns around these events
have been...
1 hour ago
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