Hacker News Reader

> The managerial class looting public companies for outsized compensation while taking near-zero risk, is a huge problem in the modern economy.

Has it ever not been a problem? In any type of economy? In any type of company? Seems like this a human nature problem and not a "modern economy" problem.

View on HN

I think it is a fairly new thing yes. I could be wrong but the distinction between owner and manager seems like a fairly recent development. The people in charge have always reaped the bulk of the profits but also bore most of the risk. Now we have "managers" who take no more risk than an employee but receive excess rewards.

Reply on news.ycombinator.com