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Re: Re: RE: Re: Krugman.........faux Schumpeterian
----- Original Message -----
From: "Ian Murray" <seamus2001@xxxxxxxxx>
>In Doug's book there's "[m]anagers, Jensen and Meckling
argued, would manage in the interest of the outside
claimants if they held bigger stakes in the companies.
Executives debt and stock holdings should be evenly
balanced, to assure they never try to reward or screw one
class of holders at the expense of others. [287]
===============
Sorry that's page 267; damned rods and cones!
Ian
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