The Importance of Compensation in a Large Enterprise

I find it a little disingenuous when management say that they're, when they get a takeover bid they say that the companies really were twice that much. But options properly structured for people with responsibility for the business I think can make sense. In terms of overall level of compensation the real sin is having a mediocre manager. If we bought the entire Coca-Cola company I wish we had in 1981 or 2 whenever it came in for $4 billion and we now had a business worth $150 billion.