The Importance of Management in the Global Economy

When you link management to something like a share price, what you will always get is managers cutting costs in order to ingratiate themselves to the bottom line. Debt buyout guys come in and they buy the entire company using debt. So basically the company ends up being almost like a rinse and repeat operation, the extraction of value. And at the end of the day, it goes bust. But those guys are living in the Cayman Islands and they don't give a fuck. They've got their money. There is something going on in the environment where the private sector cost controls the public sector. The consumer pays for everything? Because all these costs are passed on to the consumer by