Did Wells Fargo Management Know? Should They Have?? [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.] Unh-unh. Wrong answer. When you get paid almost $20 million a year to manage banking behemoth Wells Fargo, you don’t get to say...Read More
Ad Targets Investors, Not Realtors (Phew!!) I got a momentary scare looking at the pop-up ad (above), until I realized that the advertiser was mutual fund giant Fidelity, and its target audience was investors, not Realtors. The “commissions” that Fidelity is referring to are the fees investors pay to buy and sell stock, NOT what...Read More
Not Biting the Hand That Feeds Them: Academe’s Deafening Silence on Runaway Pay “Yale President Richard Levin could have been in investment banking, he could have been in venture capital, he could have run a corporation. Obviously, if he’d gone into other fields, the compensation would be orders of magnitude greater.” –John Pepper, Yale compensation committee;...Read More
