I hope to remain 100% owner of my startup, as an LLC or whatever, but if I need a Delaware C Corp with a BoD and the “full catastrophe,” then the list here will get read again and USED.

Gee, I was a B-school prof. Sure, I concentrated on applied math and computing so didn’t work with such topics, but I doubt that anywhere in the curriculum was such crucial material covered.

Good stuff. Thanks.

Off topic hint: The scroll wheel on my computer mouse was not working; the wheel would turn, but the screen would not respond. Checked this and that, then removed the screw from the back, picked out the tiny fuzz balls, used a can of compressed air to blow out the dust (recently got about six big cans of that from Amazon), scraped off goo from my sometimes not so clean fingers, reassembled, and now the scroll wheel works again 100%! Related larger point: My old Xerox-Diablo daisy wheel printer, I use for typing on envelopes, index cards, etc., was printing only garbage characters. After trying lots of things in my computer hard/software, the signal cable, etc., removed the big plastic cover and exposed the circuit boards, the big power supply with the big electrolytic capacitors, etc. It was DUSTY! Big time dusty. Could dust be a cause? Hmm …. Okay, my only can of compressed air was long since empty, and I didn’t have the new supply yet, but I used whatever to blow out the worst of the more obvious dust. Put the cover back on. Presto, bingo, it’s worked perfectly again since then! So, now we have two cases where dust in digital electronics can mess up the electronics. So, if have trouble, try dusting!

I guess my tongue in cheek question was meant to poke fun at the slow dissolution of free market principles in our country, and the “controversy” of executive compensation is the hallmark of that.

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Problem with these comparisons is the classic error of composition.

If a CEO is able to deliver value to the shareholders — think Apple stock before it took a nosedive — in obscene mountains and gobs, who cares how his compensation is quantified?

Deliver $200B of value to the shareholders — the actual owners of the company — and why is the compensation of the average worker relevant? Why?

On the other hand, why do the bosses at the AFL-CIO make so damn much money when the rank file does not? Tee that question up and see if one can get a useful or reasonable answer.

Capitalism is a flawed system but it is superior to all others. It has delivered to this country the highest standard of living in the entire world.

The President, on the other hand, has overseen the weakest economy in over a century. He needs to focus on job creation and let capitalism work its magic.

BRC
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