Comment by robertlagrant
16 days ago
I agree that shareholders are owners. I saw "usually", but given the minor overlap it didn't seem sufficient to support a full assertion that MF sides with executives. Given that owners don't have to be executives and executives don't have to be owners.
We may disagree in some particulars, but we're in broad agreement. :)
Yes! Tl;dr:
Jack Welch - executives are valuable.
Milton Friedman - regular staff benefit from competition (in their own industry to keep wages high, and elsewhere to keep products cheaper/higher quality); owners are important because you made an agreement with them when you took their money; executives exist, but are not particularly valuable.