Daily Reading on the Financial Markets: 10/19/12
It will come as news to no one that the CEO’s of public corporations are wildly over-compensated, but it’s interesting to see the claims of “competitive necessity” for that kind of compensation debunked.
Peter Tenebrarum of Acting-Man comments on the recent discussion of having the Fed cancel national debt owed it by the Treasury. My summation: be careful of pretty houses built on sand.
From Zero Hedge, earnings misses are easily topping earnings beats for Q3… and it’s not because of excessive employee pay: