High Stakes
We need more business in the business world. Public corporations need to be reformed. Managers need to be cut down from the stars they are today to simple employees of the company. The Financial world needs to be pushed back to the sidelines and real entrepreneurs need to lead the business world again. Superstar managers are nothing but casino gamblers hunting figure indices to cash in on great bonuses. There is no longterm strategy anymore. Only short term and cheating. We need people with real skin in the game to lead us. And skin in the game does not mean that the leader has a stake in the upside. This person needs a stake in the downside as well. Not though freebie stock options but through hard liabilities for the mess they produce. The old family business is a model we should take a look at again.
National Review
