An analyst thinks the way big software companies are paying employees is hurting investors — and hiding what’s really happening.
Article over at Business Insider states that high pay to tech companies’ employees is hurting shareholders. What? And the “better” approach is to only think of shareholder returns? Right, that very thinking is why wages have gone nowhere since 1974 yet corporate profits are through the roof.
But pay commiserate with corporate profits is exactly how wages should work, until Milton Friedman came along and screwed it all up in the 70s. Return on shareholder value above everything else is what’s destroying the very planet we live on.