“People used to think that private equity was basically just a compensation scheme, but it is much more about making companies more efficient.” PeopleThinkingUsedCompanyEfficientSchemesEquityCompensationPrivate Equity Author:David Rubenstein
“The typical large company has a compensation committee, They don't look for Dobermans on that committee, they look for chihuahuas.” LooksCompanyTypicalCommitteesCompensationChihuahuaLarge CompaniesDobermans Author:Warren Buffett
“For example: (1) As if governed by Newton's First Law of Motion, an institution will resist any change in its current direction; (2) Just as work expands to fill available time, corporate projects or acquisitions will materialize to soak up available funds; (3) Any business craving of the leader, however foolish, will be quickly supported by detailed rate-of-return and strategic studies prepared by his troops; and (4) The behavior of peer companies, whether they are expanding, acquiring, setting executive compensation or whatever, will be mindlessly imitated.” IfsFirstsLawCompanyLeaderStudyExampleReturnBehaviorProjectsInstitutionsPreparedRateCurrentsAvailableFoolishSettingSettingsCorporateFundExecutivesTroopsPeersExpandingCravingCompensationStrategicNewtonAcquisitionLaws Of MotionExecutive Compensation Book:Warren Buffett on Business: Principles from the Sage of Omaha Source: Warren Buffett on Business: Principles from the Sage of Omaha