Not Enough Executives Have Gone To Jail Says Berkshire Hathaway's Charlie Munger

The Inelegant Investor Summarizes Munger's Comments to the LATimes:

Munger derided compensation consultants, declaring that “I have always said that prostitution would be a step up for these people.” Munger pointed out that the problem was not that CEOs were evil, but that “… envy-driven compensation mania … brings out the abosulte worst in good people.”

Disclosures and Confessions:   I own Berkshire Hathaway. (BRK.A )  I sometimes eat at Dairy Queen which is owned by Berkshire Hathaway.

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